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
- Tourist falls to his deathPenticton / S. Okanagan
- Hwy 5 partially closedCentral Okanagan
- BC sets up support paymentsBC
- Family looks for answersKelowna
|QHR Technologies Inc||1.19||0.00|
|Anavex Life Sciences||0.25||+0.01|
|Copper Mountain Mining||2.93||+0.02|
|Sunrise Resources Ltd||0.025||0.00|
|Mission Ready Services||0.245||-0.005|
Apple has taught many entrepreneurs the importance of design, how to create buzz when introducing new products to the marketplace, how to pioneer new technology and the importance of superior quality....
Move over “big guys” there’s a new brokerage in town featuring local expertise, long standing experience and a fresh boutique approach. Kelowna, August 31 2014 – You may have...
There are several things to consider when deciding how much home to buy. 1. Draw up a budget including the new mortgage payments. While the rules used by most lenders require that the mortgage paym...