TORONTO - Maple Leaf Sports and Entertainment has reeled in the big fish it had long been seeking.
Chairman Larry Tanenbaum announced Friday that the sports conglomerate has hired Tim Leiweke as its new president and chief executive officer, effective June 30, 2013."Tim Leiweke is one of the top sports executives in the world, renowned for his ability to build championship teams, premier entertainment events, and innovative brand and marketing opportunities," Tanenbaum said in a release.
“Tim is a leader who understands what fans want and what it takes to build winners. With his deep leadership experience and unparalleled success at the highest levels of professional sports, Tim's the right CEO at the right time to lead the transformation of MLSE."
The CEO position had been vacant since the retirement of Richard Peddie on Dec. 31, 2011. Tom Anselmi had been serving as chief operating officer. The $1.32 billion sale of 79.53% of MLSE from the Ontario Teacher’s Pension Plan to Bell and Rogers was announced just prior to Peddieís retirement and was completed last August.