The Ontario Lottery and Gaming Corporation (OLG) has appointed banking sector veteran A. Duncan Harvey to replace Stephen Rigby as its president and chief executive, effective 26 October.
Hannay served as president and chief executive of Street Capital Bank of Canada from September 2017 up until its acquisition by RFA Capital Holdings in October 2019.
Prior to this, he worked as chief operating officer at financial technology business Finastra; senior vice president of Scotiabank, and president and chief executive of E*Trade Canada Securities.
“Following an extensive recruitment effort, we are pleased to welcome OLG’s new President and CEO, Duncan Hannay,” OLG chair Peter Deeb said. “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, meanwhile, talked up the role OLG could play in Ontario’s recovery from the novel coronavirus (Covid-19) pandemic.
“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,” he said. “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.”
Hannay replaces Stephen Rigby, who announced his resignation in March following five years at OLG.
“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,” Deeb said.
“Stephen has been critical to ensuring that OLG is positioned for success well into the future.”