Tim Leiweke leaving MLSE no later than June 30, 2015

MLSE president Tim Leiweke at the Air Canada Centre in Toronto June 20, 2013. (Dave Abel/Toronto...

MLSE president Tim Leiweke at the Air Canada Centre in Toronto June 20, 2013. (Dave Abel/Toronto Sun)

Mike Zeisberger, Toronto Sun

, Last Updated: 11:16 AM ET

So much for Tim Leiwekes claim that he would be sticking around Maple Leafs Sports & Entertainment for a long time.

In reality, despite his denials of recent reports that his exit already was in the works, it seems hell already be gone just one year from now.

In a release sent out by MLSE on Thursday morning, the company revealed that Leiwekes stint as president will continue until June 30, 2015 or until a successor is appointed. MLSE added that Leiweke is leaving to pursue his goal of owning and operating his own business following his departure from MLSE.

Its an honour to lead MLSE, a world-class organization in a city and a country so passionate about sports, Leiweke said in a release. But with new opportunities on the horizon, its time for me to begin the transition from sports and entertainment executive to entrepreneur.

MLSE said it has already begun the hunt for a new chief executive to replace Leiweke, who only started the job 14 months ago.

Under Tims leadership, MLSE has made a number of key moves to strengthen our organization on the path to championship success, MLSE chair Larry Tanenbaum said in the release. We look forward to working closely with Tim to build on this foundation and further accelerate our momentum as we seek a new leader for MLSE.