We have the 2010 Winter Olympics coming. This is a big-bucks big-politics big-business operation, half the city’s being ripped apart, and thus very newsworthy. Today we learned that the Organizing Committee’s CFO had quit after 18 months on the job. I subscribe to the Vancouver2010 RSS feed, and thus saw the press release.
VANOC’s financial leadership structure evolves
Following the successful development, approval and release of its business plan and with its venue construction program on time and on budget, the Vancouver Organizing Committee for the 2010 Olympic and Paralympic Winter Games (VANOC) today evolved the structure of its financial leadership team.
“The organization of the 2010 Winter Games is a dynamic project where we recruit the top talent needed for the work at each critical stage. We are always looking for ways to ensure we have the right team for the specific challenges ahead. With a solid financial framework, systems and controls now in place, we have taken advantage of an opportunity to tighten our senior management team as we execute our Games business plan,” said John Furlong, VANOC’s Chief Executive Officer.
Rex McLennan, VANOC’s CFO has decided to return to his earlier successful career in the mining industry. John McLaughlin assumes leadership of the Finance and Administration team as Chief Financial Officer. [There’s more, follow the link above.]
Is it just me, or does this mealy-mouthed smooth-as-silk self-satisfied language sound, well, suspicious? The instant I read this I thought Something’s wrong... what’s the real story?
I suppose it’s possible that it’s all on the up-and-up, that Mr. McLennan just decided he liked the mining biz better than big-ticket sports. On the other hand, maybe VanOC’s facing a financial disaster and McLennan was pre-emptively fired. It sure sounds funny. If it is bad news, it’ll come out, and all this sweet talk won’t stop it. If it’s not, why all the preening? It’d be perfectly OK to publish a two-liner saying “McLennan went back to his old job, McLaughlin is replacing him. Thanks, Rex.”
I hope, I really really hope, that more and more people are thinking like me and that the shape of conventional PR, as represented by the minor classic above, will change.