Following his departure, the London 2012 marketing team will be slimmed down from 14 to two for about six months, ahead of the formation of the London Organising Committee for the Olympic Games (LOCOG).
LOCOG has begun its search for a chief executive, to be in place by the end of the year. A management team will then be recruited, including a top marketer.
Magliano's final task has been to strike a deal with the British Olympic Association over the rights to use official Olympic trademarks, including the rings.
International Olympic Committee regulations state that domestic sponsors of the 2012 Games can not leverage their association until after contracts for Beijing 2008 expire. However, Magliano's deal with the BOA will let Games sponsors use the rings once a contract is signed.
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