British Columbia Lottery Corporation (BCLC) has named Lynda Cavanaugh as its interim president and chief executive, with Greg Moore preparing to step down from the position tomorrow (22 January).
Moore handed in his notice in November last year, to pursue a new opportunity in the private sector.
He served in the role since August 2019, after BCLC’s permanent president and CEO Jim Lightbody took a medical leave of absence.
The provincial lottery’s new interim CEO Cavanaugh has held a number of public service roles, and is described as having vast experience in leadership, finance, technology, infrastructure and policy.
She joins following a nine-year term as assistant deputy minister in the Ministries of the Attorney General, Public Safety and Solicitor General.
For the lottery’s 2019-20 fiscal year, revenue was down 2.3% at CAD$2.53bn (£1.45bn/€1.62bn/US$1.95bn), falling below expectations with the fourth quarter disrupted by the novel coronavirus (Covid-19) pandemic.
This came despite a slight uptick in lottery and igaming revenue, which climbed 1.8% to $698.2m, or s $45.6m ahead of its $652.6m budget for the fiscal year.