OLG Announces New Chief Financial Officer

TORONTO, ON, Jan. 29, 2021 /CNW/ - Following an extensive recruitment process, Ontario Lottery and Gaming Corporation (OLG) announces Pinder Basi as the organization's new Chief Financial Officer (CFO).  

"Pinder is an experienced executive with a proven track record in finance and business with a focus on growth, profitability and collaboration," says Duncan Hannay, OLG's President and CEO. "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."

Prior to joining OLG, Pinder served as the Executive Vice President and Chief Financial Officer at Mastermind Toys. In this role, Pinder was a key member of the executive team that grew Mastermind Toys from a Toronto-based retailer into a national chain with a growing e-commerce operation. Pinder previously served 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).

"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," says Pinder Basi. "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."

Pinder is replacing outgoing CFO Lisa Bell-Murray, who is retiring after 30 years of valued service to OLG. "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," says Hannay. "We wish her the very best in her retirement."

Pinder Basi starts at OLG on February 1, 2021.

OLG is a crown agency that develops world-class gaming entertainment for the Province of Ontario. Acting in a socially responsible way, OLG conducts and manages land-based gaming facilities; the sale of province-wide lottery games; Internet gaming; and the delivery of bingo and other electronic gaming products at Charitable Gaming Centres. OLG is also helping to build a more sustainable horse racing industry in Ontario. Since 1975, OLG has provided approximately $55 billion to the people and Province of Ontario to support key government priorities like health care; the treatment and prevention of problem gambling; and support for amateur athletes. Each year proceeds from OLG's operations also support host communities, Ontario First Nations, lottery retailers and local charities across the province.

All for Here - 100 per cent of OLG's proceeds are invested in Ontario
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