Peddie not interested in another sports job

LANCE HORNBY, QMI Agency

, Last Updated: 7:22 PM ET

TORONTO - Richard Peddie isn’t closing the door on another high profile executive job, but says it won’t be in the sports/entertainment field.

“I have no interest in a 24/7 job that competes with MLSE,” the president and CEO told the Toronto Sun on Tuesday, after his imminent retirement was announced Tuesday in a company release. “There are lots of interesting offers coming in. I suspect I will get to choose a few things that will be a lot of fun.”

MLSEL won’t likely wait the full 13 months to Dec. 31, 2011, and will try to get someone in place by next summer for the start of the 2011-12 basketball and hockey seasons.

A search committee has been struck, with the help of L.A.-based Korn/Ferry International and will consider both internal and external candidates.

“MLSE is what it is today due in large measure to the great team that Richard has built,” stated chairman Larry Tanenbaum. “His leadership has demonstrated how a company like ours can be a leader in the community. He will leave a wonderful legacy.”

Peddie took his position when the ownership groups of the Maple Leafs and Raptors merged in 1998 and agreed to share the Air Canada Centre. From there, a sprawling sports/real estate empire was built that now includes the hockey and basketball teams, Toronto FC soccer, the AHL Marlies, Maple Leaf Square condominiums and management roles in facilities such as BMO Field, Ricoh Coliseum and the MasterCard Centre.

Addressing reports he was being pushed out, Peddie told the Sun earlier this month that he was going to leave on his terms.

“Richard took the helm of a two-team and one venue organization in 1998 with a clear vision of transforming it into a world-class enterprise,” said Neil Petroff, executive vice-president and CIO for Ontario Teachers’ Pension Plan, who have the majority stake in MLSE.


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