TORONTO - There's a shakeup coming at Maple Leaf Sports and Entertainment.
President and chief executive officer Richard Peddie has announced he will retire from the position at the end of next year.
Peddie was named MLSE's inaugural president and CEO in February 1998 after the purchase of the Toronto Raptors and Air Canada Centre by Maple Leaf Gardens Ltd.
“Maple Leaf Sports and Entertainment is what it is today due in large measure to the great team that Richard Peddie has built,” said MLSE Chairman Larry Tanenbaum. “His leadership has demonstrated how a company like ours can be a leader in the community. When Richard retires, he will leave a wonderful legacy that is Maple Leaf Sports and Entertainment.”
Peddie's last official day on the job will be Dec. 31, 2011.
He has been credited with developing three digital channels - Leafs TV, NBA TV Canada and GOLTV Canada - as well as two more sports teams in soccer's Toronto FC and the Toronto Marlies of the American Hockey League.
An executive search committee has been formed by MLSE's board of directors to identify Peddie's successor.
“I'm very proud to have led a company that is arguably one of the finest sports and entertainment companies in the world,” said Peddie. “This is the right decision for me and I felt it was time. The last 13 years at MLSE have been terrific and a lot of fun.”
© Copyright (c) canada.com