Hone will take up the new job at the end of the summer having overseen the successful transformation of Queen Elizabeth Olympic Park.

In a planned move, current Mace Group finance director David Vaughan, will be retiring at the end of the year, having joined the company in 1997.

Hone played a key role in striking deals for the Stadium and the Press and Broadcast Centres so that all eight permanent venues have their long-term future secured – a feat no recent Olympic host city has achieved.

Hone said:  “I’ve worked with Mace for a number of years both in the run up to the London 2012 Games and the subsequent transformation of the Olympic Park.

“I’m excited to be joining Mace as group finance director, helping to build sustainable communities and contributing to its continued success.”

The recruitment process for a new chief executive is underway and the Legacy Corporation hopes to make an appointment by early summer.

Lee Penlington will also be joining the Mace Group board as commercial director from 1 July.

Penlington joined Mace in 1999 and was a founding director of Como, Mace’s specialist fit out business.

In 2010 he joined the Construction Strategic Board, helping to set the commercial strategy for several of Mace’s business units.