| Michael Grade named new Camelot chief |
The former Channel Four boss is to take over as chairman of Camelot.
Michael Grade will succeed Sir George Russell in January before the start of Camelot's second licence to run the National Lottery.
Mr Grade joined the Camelot board last year.
He says he is delighted to take up the post.
He said: "I look forward to working with my colleagues on the board and Camelot's committed workforce to meet the challenges that lie ahead."
Mr Grade says his priority will be to increase lottery sales and returns to good causes. For the next licence we are resolved to prove we can beat all expectations and grow the returns to good causes."
Sir George says he is delighted Mr Grade is taking over as chairman adding: "He brings to this position tremendous experience within the entertainment, television and leisure industries that will be invaluable to Camelot as the business seeks to develop opportunities to maximise returns to the good causes.
"When Michael takes over in January, Camelot expects to have completed the huge task of installing 25,500 new terminals across the network."
Mr Grade was chief executive of Channel 4 from 1988 to 1997 and held positions within the BBC in the mid-1980s. He is currently executive chairman of Pinewood and Shepperton Studios and chairman of the Octopus publishing group.
Story filed: 09:51 Wednesday 3rd October 2001
| National Lottery draw for: Saturday, 27 October 2001 |
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