David Ross should be replaced - Dee Doocey

12.15.00pm GMT Mon 8th Dec 2008

The Carphone Warehouse co-founder David Ross today resigned from the board after revealing that he had pledged more than £130 million of shares in the company without telling the Carphone Warehouse board.

David Ross was appointed to the Local Organising Committee of the London 2012 Olympic Games by Mayor of London Boris Johnson earlier this summer. He was, according to the official site of LOCOG appointed to "look at all aspects of the 2012 Olympic and Paralympic Games to ensure that they create a truly lasting legacy for all Londoners and that London is not left with an unreasonable bill for generations to come."

Liberal Democrat London Assembly and Olympics spokesperson Dee Doocey said:

"A person who has problems with his own financial dealings, and has had to resign from the company he co-owned as a result, is surely not the right person to be overseeing the costs of the Olympics on behalf of Londoners. Boris Johnson should seek a replacement; someone in who we can all have confidence."