Richard Peddie to retire as CEO of MLSE

Maple Leaf Sports & Entertainment Ltd. (MLSE) announced Tuesday that Richard Peddie will retire as President and Chief Executive Officer of Maple Leaf Sports & Entertainment on December 31, 2011.

“Maple Leaf Sports and Entertainment is what it is today due in large measure to the great team that Richard Peddie has built,” said MLSE Chairman Larry Tanenbaum in a statement.

Peddie was named MLSE’s inaugural President and CEO in February 1998 after the purchase of the Toronto Raptors and Air Canada Centre by Maple Leaf Gardens Ltd.

“I’m very proud to have led a company that is arguably one of the finest sports and entertainment companies in the world,” said Peddie. “This is the right decision for me and I felt it was time. The last 13 years at MLSE have been terrific and a lot of fun.”

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