CHICAGO, IL –(ENEWSPF)–October 15, 2012. The newly-reconstituted Illinois Lottery Control Board (LCB) held its first meeting recently, and unanimously elected former Chicago Bear Gary Fencik as it chairman. The 5-member board was appointed by Governor Pat Quinn, and held its first meeting Oct 10 in Chicago.
“The newly appointed Control Board will be a great asset to the Lottery and, by extension, the citizens of Illinois,” said Lottery Supt Michael Jones. “The breadth of business, finance and government experience on the board is impressive, as were the questions posed during the board’s first meeting. I couldn’t be more pleased with the collective membership.”
Fencik lives in Chicago and is a partner in Adams Street Partners, a private equity firm. “Accountability and transparency are the cornerstones of good government, and are the attributes the Lottery Control Board will strive for in all of our proceedings,” said Fencik, who played 12 seasons for the Chicago Bears, including the 1985 Super Bowl Championship season.
Other LCB members include:
Robert Christian of Chicago, the managing principal of October Family Holdings, LLC, a private firm that invests in small and medium sized U.S. companies; Geoffrey Richards of Chicago, a restructuring investment banker with William Blair and Company; Paul D. Schaefer of Edwardsville, who works for United Food & Commercial Workers, Local 881; and Sharon Thompson of Dixon, who served as Lee Country Treasurer for 20 years and is currently a realtor.
This week’s LCB meeting was attended by key staff from the Lottery and Northstar Lottery Group, the Lottery’s private management firm, as well as members of the Lottery’s advertising agency. One of the functions of the LCB is to review potential Lottery advertisements for appropriateness.
LCB members serve terms of up to 3 years. Appointments to the board are confirmed by the Illinois Senate.
Source: illinois.gov
