POSTED: November 13th 2015

LA 2024 names Gene Sykes as new CEO of Candidature Committee

Newly named CEO of LA 2024 Candidature Committee, Gene Sykes © Goldman Sachs
Newly named CEO of LA 2024 Candidature Committee, Gene Sykes © Goldman Sachs

MARISSA FLANDERS (USA) / Sports Features Communications

(SFC) Another significant addition has been made to the Los Angeles (LA) 2024 Candidature Committee as Gene Sykes has been named as its Chief Executive Officer. Sykes will be responsible for managing and supervising all aspects of the committee's day-to-day operations. As the CEO, he will work closely with the United States Olympic Committee (USOC); LA Mayor, Eric Garcetti; and LA 2024 Chairman, Casey Wasserman.

Mayor Garcetti stated, "On behalf of the City of Los Angeles, I'm delighted to welcome one of our city's top business leaders, Gene Sykes, as Chief Executive Officer of our Olympic bid."

Garcetti added, "Gene has built a distinguished career advising the world's greatest companies and nonprofit organizations, and I'm confident he is the ideal executive to be trusted with the day-to-day responsibility of our city's bid. With Casey Wasserman and Gene Sykes at the helm, and our talented team around them, LA 2024 will represent the finest bid our city and our nation can offer the Olympic Movement."

LA 2024 Chairman Wasserman commented, "We're fortunate to have Gene Sykes join our team and put his considerable management skills and financial expertise to work for us...Gene has a proven track record of making great companies and nonprofits even better, and I know we will enjoy working with him as we try to bring the 2024 Olympic and Paralympic Games to the United States."

"We are thrilled that Gene Sykes has agreed to join America's bid to bring the Olympic and Paralympic Games to Los Angeles...As a highly regarded leader in LA's business and philanthropic communities, he is uniquely positioned to ensure that we deliver a proposition that is compelling not only to the International Olympic Committee and the athletes of the world but also to the great city of Los Angeles," said USOC CEO, Scott Blackmun.

Before this new appointment, Sykes was Co-Chairman of Global Mergers & Acquisitions and Co-Chairman of the Global Technology, Media and Telecom Group for Goldman Sachs. He was also a member of the company's Management Committee.

"As a lifelong Angeleno, I'm honored to help bring the Olympic and Paralympic Games back to a city that loves them. I'm joining a very strong and experienced team, assembled and led by Mayor Garcetti and Casey Wasserman, and I look forward to working with them and engaging our city to help our bid succeed," expressed Sykes.

While at LA 2024, Sykes will remain an employee of Goldman Sachs. However, he will be stepping down from all his leadership roles, and his role with the company will be in a limited capacity. This will allow him to focus entirely on LA 2024 and help bring the Olympic and Paralympic Games back to the United States.

Goldman Sachs Chairman and CEO, Lloyd C. Blankfein stated,  "Gene is a natural leader who can bring disparate groups together to tackle a difficult challenge...We are very proud that he will be leading the charge to bring the Olympic Games back to Los Angeles."

CEO of Apple, Tim Cook added, "Gene is a strong leader, and we've always valued his advice at Apple...Gene is passionate about LA's bid for the 2024 Olympic and Paralympic Games, and we are thrilled that he's the one leading this effort."

 "Gene is a very talented leader, with a proven ability to bring people together to achieve ambitious, complex goals. He's also a proud LA native. In the decades we've known each other, I've been impressed by his relentless focus on what really matters as well as his quiet strength and impeccable integrity. Gene wins by ensuring that everyone involved benefits from the outcome, and that's certainly the right approach when it comes to bringing the Games to Los Angeles," commented Robert A. Iger, The Walt Disney Company's Chairman and Chief Executive Officer.

** MARISSA FLANDERS is a graduate of Saint Leo University with a Bachelor's Degree in Sport Business. She has over four years of writing experience and has a real passion for ice hockey following the Pittsburgh Penguins on her blog

Keywords · LA 2024 · Gene Sykes · Olympic bidding

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