Canada’s British Columbia Lottery Corporation has appointed Jim Lightbody as its new interim president and CEO following the resignation of Michael Graydon.
After nearly six years in the role, Graydon is leaving the company to pursue an opportunity in the private sector.
He becomes the second CEO of a Canadian provincial lottery operator to leave for the private sector this month following Rod Phillips’ resignation from the Ontario Lottery and Gaming Corporation (OLG) earlier this month.
Bud Smith, chair of BCLC’s board of directors confirmed yesterday that the company had received and accepted a letter of resignation from Graydon.
“Under Michael’s leadership, the corporation increased its revenue by $235m while also significantly expanding its social responsibility programs,” said Smith. “He leaves BCLC as a well-run organization with an excellent management team and a committed, dedicated group of employees.
“We wish him much success in his future endeavours and want to ensure that strong leadership continues during this period of transition.”
The board of directors has appointed Jim Lightbody as interim president and CEO with immediate effect.
In a statement to employees regarding his resignation, Graydon said: “BCLC makes a vital contribution to the Province of British Columbia and it was a pleasure to be part of such a vibrant and dynamic organization. I know it will continue to fulfil its mandate under the leadership of Jim Lightbody, the strong management team and exemplary staff.”
Graydon joined BCLC in 2008. During his tenure, the company became the first Canadian lottery operator to successfully move into the online gaming space through its PlayNow.com website.
He will be replaced by Lightbody, who has been with the company for 13 years, previously serving as vice president of lottery gaming and most recently as vice president of casino and community gaming.
His background includes more than 25 years of experience in consumer packaged goods, where he held leadership positions with Procter & Gamble, Nabob Foods and BC Hot House.
In the coming weeks BCLC said that it will determine the process to permanently fill the CEO position.
“BCLC makes a vital contribution to the Province and, with its strong management team in place, will continue to fulfil its mandate and generate revenue that benefits all British Columbians,” said the company.