The Ontario Lottery and Gaming Corporation (OLG) has announced the appointment of A. Duncan Hannay as its President and Chief Executive Officer, effective October 26.

Peter Deeb, Chair of OLG, said: “Following an extensive recruitment effort, we are pleased to welcome OLG’s new President and CEO, Duncan Hannay. Duncan is a seasoned executive leader and CEO with global expertise transforming and growing organisations 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 organisation through the next phase of growth and community contributions across Ontario.”

Hannay added: “I look forward to working with the team at OLG to build a strategy for the future and to lead the organisation through this unprecedented and very challenging time. I intend to work collaboratively with OLG’s valued partners to capitalise on growth opportunities and contribute to Ontario’s recovery in communities province-wide.”

The 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.

Deeb said: “I would like to thank Stephen for his leadership at OLG for more than five years, delivering strong financial growth and the modernisation of our land-based gaming business. Stephen has been critical to ensuring that OLG is positioned for success well into the future.”

Hannay enters the role with previous leadership experience in both consumer and B2B, providing leadership on technology-enabled business transformation and go-to-market strategies across an array of private sector companies and geographies.

He was most recently the 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 was also an executive leader at Canadian-based D+H as President of Global Lending Solutions, President of D+H Canada, and he has held senior executive positions with Scotiabank as well as E*Trade Financial.