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OLG head resigns for undisclosed job in private sector

The man who has been heading the OLG’s modernization and expansion plans has quit.

Rod Phillips has resigned as president and CEO of the Ontario Lottery and Gaming Corp. and has accepted a job in the private sector. But he won’t disclose where he’s going until next month.

The OLG board has named long-serving company executive vice-president Tom Marinelli to replace Phillips on an interim basis, as he has done on previous occasions, while it conducts a search.

A statement from the board says under Phillips’ watch since June 2011 the OLG has achieved its highest level of public confidence and it wishes him well in his new role.

In its 2011-12 annual report, Phillips is said to have played a key role in seeing the company’s strategic business review which resulted in the modernization initiative launched in March 2012.

The OLG generated $6.7 billion in revenue in 2012 and contributed $1.9 billion to the provincial government.

With files from CityNews staff