BC Lottery loses CEO and President
BC's Lottery Corporation has lost its president and chief executive officer to the public sector.
The Crown corporation responsible for gambling hired Michael Graydon for the job in March 2008.
About a year and a half earlier, it terminated its CEO after an Ombudsman's report concluded the corporation was at risk for potential retailer fraud.
Board of directors chairman, Bud Smith says under Graydon's leadership the corporation has increased its revenue by $235 million and significantly expanded its social responsibility programs.
The board has hired Jim Lightbody, the corporation's vice-president of casino and community gaming, as the interim president and CEO, and he will assume the position immediately.
Finance Minister Michael de Jong says he learned about Graydon's resignation Wednesday night.
"It's a loss for us, for the BC Lottery Corporation," says de Jong. "He's done a very good job."
The minister says Graydon was able to expand the corporation's reach to gambling in British Columbia.
"He has not ever lost sight of the role that the corporation plays in promoting responsible gaming."
Comments on this story are pre-moderated. Before they appear, comments are reviewed by moderators to ensure they meet our submission guidelines. Keep it clean, keep it civil, keep it truthful, stay on topic and be responsible. Comments are open and welcome for three days after the story is published. We reserve the right to close comments before then. Comments that appear on the site are not the opinion of Castanet, but only of the comment writer.
Read more Business News
- Storm kills powerCentral Okanagan - 9:21 pm
- Hwy closed east of SicamousBC - 10:23 pm
- Storm photo galleryCentral Okanagan - 4:44 pm
- Rain shuts down cityKamloops - 4:15 pm
|QHR Technologies Inc||1.16||+0.01|
|Anavex Life Sciences||0.287||-0.038|
|Copper Mountain Mining||2.815||+0.055|
|Sunrise Resources Ltd||0.025||-0.005|
|Mission Ready Services||0.19||+0.01|
The Big Picture Geopolitical tensions rattle markets The spectre of rising geopolitical tensions in Ukraine and Gaza cast a shadow over an otherwise positive week in the markets. News that a passenger...
The mainstream media are finally waking up to something unusual in British Columbia – a labour shortage. If the experience of Alberta is a guide to our own future, the highly skilled labour will...
Photo: ContributedI have the pleasure of witnessing people delegate tasks quite often. Sometimes with tremendous success and sometimes with disastrous consequences. I have chaired a lot of committees...