"I am very proud of what we have accomplished at WEG and I appreciate so much the assistance and support of our Board members, management team and all our employees over the years," said Willmot, noting, "When I stepped down as CEO in the summer of 2010, the Board requested that I stay on as Executive Chairman for a two year period to ensure a smooth transition. With the successful completion of our management succession over that time, and with Jim Lawson agreeing to take over the Chairman's responsibilities, I am confident that WEG will continue to play a leading role in the Province's gaming strategy. I am therefore comfortable in retiring so that I may focus on my health, family, and other interests."

Speaking to WEG's changing of the guard, Nick Eaves, WEG's current President and CEO noted, "On behalf of WEG's approximately 2300 full and part time employees, I would like to thank David for his leadership over the years. He empowered all of us to play a part in building a fantastic company. His vision and determination have positioned the Company to respond to the changing landscape of horse racing and gaming in Ontario. The WEG management team and I look forward to working closely with Jim to continue this momentum."

Source: Woodbine press release