A news release issued today by the Ontario Lottery and Gaming Corporation (OLG) announced that Duncan Hannay has been appointed OLG president and CEO.
Hannay assumes the role on Oct. 26.
“Duncan is a seasoned executive leader and CEO with global expertise transforming and growing organizations through a disciplined strategic approach, a deep understanding of digital innovation and a progressive leadership style," said OLG Board of Directors Chair Peter Deeb in the release.
Full text of the OLG news release follows:
TORONTO - Today, the Ontario Lottery and Gaming Corporation (OLG) announced the appointment of A. Duncan Hannay as president and chief executive officer effective Oct. 26, 2020.
"Following an extensive recruitment effort, we are pleased to welcome OLG’s new president and CEO, Duncan Hannay,” said Peter Deeb, chair of OLG. “Duncan is a seasoned executive leader and CEO with global expertise transforming and growing organizations through a disciplined strategic approach, a deep understanding of digital innovation and a progressive leadership style. The Board of Directors and I are delighted to have Duncan join our very capable team at OLG. He has the skills and experience to lead the organization through the next phase of growth and community contributions across Ontario.”
Hannay has been a leader in both consumer and B2B categories, providing leadership on technology-enabled business transformation and go-to-market strategies across an array of private sector companies and geographies. Most recently, he was president and CEO of Street Capital Group Inc, a Canadian public company that delivered best-in-class deposit and lending products through its Schedule I bank subsidiary and grew to become one of the country’s largest originators of residential mortgages.
Hannay previously served as chief operating officer of Finastra, a global leader in software solutions spanning retail banking, transaction banking, lending, and treasury and capital markets. He also served as an executive leader at Canadian-based D+H as president of Global Lending Solutions, and president of D+H Canada. In addition, Hannay has held senior executive positions with Scotiabank as well as E*TRADE Financial.
"I look forward to working with the team at OLG to build a strategy for the future and to lead the organization through this unprecedented and very challenging time. I intend to work collaboratively with OLG’s valued partners to capitalize on growth opportunities and contribute to Ontario’s recovery in communities province-wide," said Hannay.
As one of Canada’s largest companies, OLG is responsible for thousands of jobs and capital investment in communities across Ontario. Under Hannay, OLG will continue its commitment to responsible gambling with its award-winning PlaySmart program.
As previously communicated, outgoing president and CEO Stephen Rigby agreed to stay on at OLG until a successor was identified and to assist with a seamless transition of the business.
"I would like to thank Stephen for his leadership at OLG for more than five years, delivering strong financial growth and the modernization of our land-based gaming business,” said Chair Deeb. "Stephen has been critical to ensuring that OLG is positioned for success well into the future."