Charles Sousa, Minister of Finance, has nominated Philip Olsson as Chair of the Ontario Lottery and Gaming Corporation (OLG).
Olsson is the current Chair of the Liquor Control Board of Ontario (LCBO). He is also a partner in K J Harrison & Partners Inc., a privately held investment firm for individuals as well as Chairman of Connaught Oil & Gas Limited, a private energy exploration and production firm.
As Chair of the OLG, Olsson would oversee a new board of directors and work with the CEO to move forward with gaming modernization in Ontario, including better integration with horse racing.
Souza has nominated Edward Waitzer to replace Olsson as Chair of the LCBO. Waitzer is a Professor and the Jarislowsky Dimma Mooney Chair in Corporate Governance and is Director of the Hennick Centre for Business and Law at Osgoode Hall and Schulich School of Business at York University. He is also a senior partner at Stikeman Elliott LLP and a past Chair of the Ontario Securities Commission.
"Mr. Olsson and Mr. Waitzer each bring a wealth of experience and proven track records as two of Canada’s top business leaders. Their guidance and oversight would help ensure that OLG and LCBO continue to be run efficiently and are positioned for long-term success," said Minister Sousa in a release.
Olsson has been tabbed to fill the void left by Paul Godfrey, who was fired from the post two months ago.
The nominations are subject to a review by the Standing Committee on Government Agencies.