OLG appoints Pinder Basi as its new CFO

The Ontario Lottery and Gaming Corporation (OLG) has appointed Pinder Basi as its new Chief Financial Officer (CFO).
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The Ontario Lottery and Gaming Corporation (OLG) has appointed Pinder Basi as its new Chief Financial Officer (CFO).

Basi replaces outgoing CFO Lisa Bell-Murray, who is retiring after 30 years of service with the company.

Duncan Hannay, OLG’s President and CEO, said: “Pinder is an experienced executive with a proven track record in finance and business with a focus on growth, profitability and collaboration.

“His successes in large transformations will be an asset as we work together to position OLG for a post-pandemic recovery, digital growth, and new opportunities to maximize value for our customers and the people of Ontario.”

Before joining OLG, Basi served as the Executive Vice President (EVP) and CFO at Mastermind Toys, where he was a key member of the executive team that grew the company from a Toronto-based retailer into a national chain with a growing e-commerce operation.

Basi also previously worked as a senior executive at Universal Studios Canada, a division of NBC Universal, and has also been a successful leader in other sectors including packaged goods. He is a designated Chartered Professional Accountant (CPA, CA).

Basi commented: “I am pleased to be joining OLG and look forward to working with the team at such a crucial and exciting time for the organization. I believe my experience with growing companies, in both the retail and e-commerce sectors, and with entertainment content delivery, will assist OLG as it charts its new strategic course.”

Hannay also commented on Bell-Murray’s time as CFO, thanking her for three decades of service to the company.

He remarked: “On behalf of all OLG, I would like to thank Lisa for the many professional and personal contributions she has made to this organization over the course of her impressive career. We wish her the very best in her retirement.”

In December, the Global Lottery Monitoring System elected OLG’s EVP and Chief Operating Officer, Lori Sullivan, to its Executive Committee.