Topic: Eugene Melnyk

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Eugene Melnyk (born May 27, 1959) is a Ukrainian Canadian businessman who now resides in Barbados. He is the current owner, governor, and chairman of the Ottawa Senators professional ice hockey club of the National Hockey League (NHL). He also owns the Mississauga St. Michael's Majors junior-age ice hockey club. He is the former chairman and CEO of Biovail Corporation and former owner of Trimel Corporation.

In 1982, Eugene Melnyk founded medical publishing company Trimel Corporation, which was sold to Thomson Publications in 1989. Melnyk then founded Biovail Corporation, a specialty pharmaceutical company, in 1989. During his time as chairman and CEO of Biovail, revenues grew from $19 million in 1995 to $1.067 billion in 2006. Mr. Melnyk retired from his position as Chairman and CEO of Biovail on June 30, 2007.

Melnyk's first sports franchise purchase was the St. Michael's Majors of the OHL, which he still owns. Until 2007, the club played at the St. Michael's Arena in Toronto, but has now relocated to Mississauga, Ontario. As there was a club already in Mississauga, the IceDogs, Melnyk purchased the IceDogs and resold them to move the Majors into the IceDogs home arena. The new ownership of the IceDogs has relocated the team to St. Catharines, Ontario and is now known as the Niagara IceDogs.

This article is licensed under the GNU Free Documentation License.
It uses material from the Wikipedia article "Eugene Melnyk."