28/06/2004
NEWS STORY
It's understood that Michael Payne, who is to effectively become second in command to Bernie Ecclestone, following a successful career with the International Olympic Committee, will remain Swiss-based.
It's understood that Payne is loathe to uproot his family to the UK, and will therefore operate from a purpose-built office in Lausanne.
He takes up his position following this summer's Olympic Games in Athens.