British Columbia Lottery Corporation

British Columbia Lottery Corporation

March 06, 2008 12:00 ET

BCLC Board of Directors Announces New President and CEO

Michael Graydon, former CEO of Canada's largest retail buying group, to join BCLC on March 31, 2008

RICHMOND, BRITISH COLUMBIA--(Marketwire - March 6, 2008) - The Board of Directors for the British Columbia Lottery Corporation is pleased to announce the appointment of Mr. Michael Graydon as President and Chief Executive Officer, effective March 31, 2008.

Mr. Graydon is the former President and CEO of Mega Group Inc., Canada's largest retail buying group comprised of over 700 independent consumer electronic, appliance and furniture retailers. Mr. Graydon will leave his position at Mega Group on March 28, 2008.

"The Board of Directors was looking for an individual with exceptional management and leadership experience. We found that in Michael," said John McLernon, Chair of the BCLC Board of Directors. "We are excited about the direction he will take the organization."

"I believe BCLC is on an exciting path of renewal and has a great future ahead of it," said Mr. Graydon. "I look forward to working with our employees, with government and all our stakeholders and business partners to fulfill our organization's promise."

Scott Norman will remain as Acting President and CEO until Mr. Graydon's appointment officially takes effect.

Biography

Michael Graydon

President and CEO

With over 20 years of business leadership experience, Michael Graydon joins the British Columbia Lottery Corporation from Mega Group Inc., Canada's largest retail buying group providing services to retail partners with $800 million in revenue representing $2.5 billion in retail sales.

As President and CEO of Mega Group (2001 to March 2008), Graydon provided overall leadership and direction to the company's operations: product procurement, merchandising and category management planning, IT systems, retail store design, advertising, franchised retail systems, retail training, distribution and logistics services and inventory financing services.

In 2007, Mega Group was named "Canadian Retailer of the Year" by the Canadian Furniture Manufacturing Association. Under Graydon's leadership, Mega Group was also recognized as one of "Canada's 50 Best Managed Companies" from 2001 to 2006, and achieved Platinum status in 2007. From 2005 to 2007, Mega Group was named one of Canada's "Top 20 Best Employers".

Graydon received a Quantum Shift Fellowship from the Ivey School of Business at the University of Western Ontario. He is also a graduate of the Whitbread Executive Management Program at the London School of Business.

Michael Graydon and his wife Ann Graydon have been married for more than 30 years. They have two children, Matt and Alexa.

BCLC is a provincial Crown Corporation reporting to the Minister of Public Safety and Solicitor General through a Board of Directors. Its mission is to offer responsible gaming entertainment, generating income for the public good.

Contact Information

  • British Columbia Lottery Corporation
    Robin Cook
    Corporate Communications Officer
    (604) 247-3004 or Cell: (604) 809-3623
    Email: rcook@bclc.com
    or
    British Columbia Lottery Corporation
    John Paul Fraser
    Media Contact - BCLC Board of Directors
    (604) 691-7398
    Website: www.bclc.com