The Ontario Lottery and Gaming Corporation (OLG) has confirmed that Rod Phillips has resigned as president and CEO to take on a leadership position in the private sector.
Phillips has served as president and CEO since June 2011 and has been heavily involved in the modernization of the company, which is expected to create over 6,000 new jobs and increase annual revenue by more than CAD$1bn. This includes OLG’s first foray into the internet gaming arena through its partner GTECH G2 (previously SPIELO G2).
OLG chairman Philip Olsson said that the company’s board of directors had received and accepted a letter of resignation from Phillips so that he can take on a new role in the private sector, which is expected to be announced in February.
“Rod Phillips has led OLG to its highest net profit to the Province since 2005,” said Olsson. “He has captained the design and launch of the modernization of Ontario’s lottery and gaming industry. Under his watch OLG has achieved its highest level of public confidence. We wish him well in his new position.”
The board has named Tom Marinelli, executive vice president, chief transformation officer & chief information officer, to be acting president & CEO, while the board begins a search for a replacement for Phillips.
Phillips said: “It’s been a tremendous privilege to serve the public alongside OLG employees since 2011. Under the leadership of Philip Olsson, chair of the board, and acting president & CEO, Tom Marinelli, I am confident that OLG is well-positioned to modernize the lottery and gaming industry and to achieve great success in the years to come.”
Marinelli previously served as acting president and CEO between July 2010 and June 2011 following the departure of Bohodar Rubashewsky, who had been on assignment with OLG after revelations emerged of scandalous spending by staff at the company.
“The leadership team at OLG is an enormously capable group who will continue to lead the core business as well as modernization,” continued Olsson. “Marinelli has been acting CEO on a previous occasion and he has the full confidence of the board of directors.”
Olsson underlined that the modernization of OLG is now well underway.
“We are looking forward to the next phase of modernization as we begin to choose service providers later this year. As part of modernization, OLG is continuing to work with the Ontario government and the horse racing sector to integrate horse racing into the provincial gaming strategy,” he said.
Part of the company’s modernization includes the company’s launch of its real-money online gaming site, PlayOLG.ca, which is still yet to go live, despite being slated to launch at the end of last year. Powered by GTECH G2, it will initially include lottery and gaming offerings, with subsequent phases including bingo, sports betting, online poker and other products.