Mark J. Cavanagh

Biography:
Prior to his appointment as Executive Director, of the Massachusetts State Lottery, Cavanagh served as Deputy Treasurer, overseeing the Abandoned Property Division, the Department of Debt Management and the Massachusetts Water Pollution Abatement Trust. During Cahill’s first term as Treasurer, Cavanagh guided the Abandoned Property Division to record successes. Over the past four fiscal years the Abandoned Property Division collected $883 million and paid out cash claims totaling more than $158 million - an 18% increase over four years. Cavanagh also oversaw an effort using cutting-edge technology to hold two eBay auctions of unclaimed jewelry, coins and other items from safe deposit boxes, garnering over $330,000 for the state.
“I have worked with Mark for four years, and am pleased to promote him to this position,” said Treasurer Cahill. “He has had great success with the Treasury’s Abandoned Property Division and as Deputy Treasurer, and I know he will continue that success at the Lottery.”
Before joining Treasurer Cahill’s administration in 2003, Cavanagh served as Vice President of Affiliated Computer Services, was affiliated with State Street Bank’s Unclaimed Property Services Division as manager of the Bank’s National Audit Program, and served as Deputy Treasurer and Director of Abandoned Property during a former Treasury administration.
Cavanagh holds a degree in accounting from Bentley College and a Masters in business administration from Babson College.

New State Lottery Director Named
BOSTON, Massachusetts, USA (December 27, 2006) -- Mark J. Cavanagh today was named the new director of the Massachusetts State Lottery.........Subscribers