OLG Names Banking Exec Duncan Hannay As New CEO
The Ontario Lottery and Gaming Corporation has appointed a new CEO and President. Experienced banking specialist with a strong focus on digital innovation, Duncan Hannay will officially take over the reins from Stephen Rigby on October the 26th. Rigby steps down following five years in office.
Hannay comes from a background in both consumer and B2B sectors and has provided executive leadership on the transformation of businesses by enabling those businesses technologically. His experience spans a wide arrange of private sector companies. Having spent time leading several organisations through periods of significant and challenging periods of transition, Duncan Hannay certainly seems the best man for the job of steering the Crown corporation through a time marked by global crisis and uncertainty.
Hannay An Experienced Leader
Peter Deeb, Chairman of the Ontario Lottery and Gaming Corporation (OLG), has described Hannay to be a seasoned executive leader in business – a leader with local as well as global expertise transforming and helping businesses and organisations grow. Hannay’s skillset is a combination of an in-depth understanding of digital innovation, a forward-thinking style of leadership, and the leadership of organisations through a strategic approach that is disciplined, and outcome focused.
His most recent tenure was that of President and Chief Executive Officer of Canadian public company and Schedule I bank holding company Street Capital Group Inc. Hannay played a pivotal role growing Street Capital Group into a premium supplier of deposit and lending products.
He also previously spent time serving as Chief Operating Officer of global leader in software solutions Finastra. Under Hannay’s strong hand of guidance, Finastra provided leading software solutions across several banking and finance-related industries and functions, including transactional banking, retail banking, lending, capital markets, and also treasury. Hannay has also held numerous positions in executive leadership at Scotiabank, E*TRADE Financial, Global Lending Solutions, and D+H Canada.
Hannay And The OLG
The OLG is one of the country’s largest companies. It is a business effort responsible for the employment of thousands, and a company in control of nearly as many capital investments in communities scattered all across Ontario. The OLG is also the driving force behind the acclaimed and award-winning PlaySmart program – a program focusing on the organisation’s commitment to responsible gambling practises.
Hannay’s progressive approach to business management in a digital age is expected to be a support and a boost for the OLG as it continues its own transformation and step-over into the age of digital and technology.
Departing OLG CEO Stephen Rigby will be sent off with a separation package of CA$847,000, constituting 12 monthly paychecks – a decision that reportedly has many feeling hot under the collar given high number of people who have lost their jobs since the beginning of the year.