The chief executive and chair of the London Legacy Development Corporation will step down as the organisation prepares to downsize almost 20 years after London was awarded the 2012 Olympic and Paralympic games.

Later this year, Lyn Garner will leave her position as chief executive of London Legacy Development Corporation (LLDC) after more than six years in the role and the body’s chair, Lord Peter Hendy, will depart after eight years.

The LLDC is currently recruiting for a new chief executive and chair, but Garner and Hendy will remain in post until their successors have been appointed and started work. Garner said they expect to leave the organisation towards the end of this year or early next year.