On Thursday, February 11, the Great Canadian Gaming Corporation announced that it has made several changes to its executive team. These changes represent further progress in the restructuring process GCGC began during the fourth quarter of 2008. This process, in combination with a variety of expense reduction initiatives, has sought to encourage greater efficiency and market penetration across Great Canadian's property portfolio.
Rod Baker has been appointed to the position of president. Baker, who has a background in corporate restructuring, has assisted GCGC in a senior advisory role for the past 18 months. His contributions have greatly improved GCGC's financial position. In his role as president, Baker will assume oversight and management of GCGC's operations, and both evaluate and advance available business opportunities.
Peter Goudron has been appointed to the position of vice president, River Rock Casino Resort. Goudron, who will manage all aspects of GCGC's flagship property, previously held the roles of both vice president, Casino Operations, and vice president, Planning and Development. He possesses six years of experience with GCGC, and more than 15 years of experience within the gaming industry.
Terrance Doyle has been appointed to the position of vice president, Property Development and Procurement. Doyle, who will oversee GCGC's redevelopment projects, previously held the role of executive director, Planning and Development, and possesses nearly a decade of experience with GCGC.
"I am very pleased to announce these changes to our executive team," stated Ross J. McLeod, Great Canadian's chairman and CEO. Mr. McLeod will continue to guide GCGC's strategic direction, a responsibility he has held for more than 25 years.
"Despite the downturn that weakened the global economy throughout 2009, Great Canadian achieved significant improvements in both our efficiency and our financial performance. These three individuals, in combination with the other members of Great Canadian's management, played a critical role in facilitating these improvements. They will continue to optimize our operations from within their new positions, as well as assisting in Great Canadian's efforts to reverse the revenue trend witnessed through nine months of 2009. I believe that all of Great Canadian's stakeholders will benefit as a result."
(GCGC)