Toronto, ON  - Nick Eaves, president and CEO of Woodbine Entertainment Group (WEG), will be leaving the company on March 31, 2015. The announcement was made Thursday.

"As I look back on the last 20 years, I am very proud to have been part of a team that was able to accomplish so many great things for WEG and in our industry," said Eaves. "Looking forward, I have confidence that the organization is pointed in the right direction and know the current leadership team will continue to grow and improve on the model we have developed. I want to thank all of my WEG colleagues for their hard work and collaboration over the years."

Eaves became president of the company in 2006 and added the role of CEO in 2010. Current WEG chairman Jim Lawson will assume the positions on an interim basis.

"Nick has been with WEG for over two decades and in that time has been a big part of its evolution and success," said Lawson. "The Board and I want to thank Nick for his dedication, passion, and commitment, and wish him all the best as he embarks on the next stage of his life and career.

"As we look forward, now that we have stability we must work to achieve long- term sustainability for WEG and the horse racing and breeding industry and we will continue to put all of our resources towards that end."

Woodbine Entertainment owns Woodbine Race Course and Mohawk Racetrack.