The business leader and philanthropist Eion Edgar has retired as president of the New Zealand Olympic Committee, leaving the organisation with a gift of $1 million.
Edgar hopes his donation will encourage others to step up and contribute to the NZOC and believes the organisation has the structures and leadership in place to use the income from his donation to undertake initiatives that their normal sources of funding do not allow.
Edgar first became involved with the NZOC in 1997 as a board member. In 2001 he replaced the late John Davies as acting-president before being elected president in 2003.
Olympian and Millennium Institute CEO Mike Stanley has been elected president of the NZOC in Edgar's place.