12/09/23
AGCO Searching for New CEO
Lisa Cheban | 29 March, 2023 13:19 | Last update on: 29 March, 2023 13:19
On Thursday, March 9, 2023, the Board of Directors of the Alcohol and Gaming Commission of Ontario (AGCO) declared that it had started a search for a new Registrar and CEO. This is after learning that the present one, Tom Mungham, will leave at the end of this year.
Mungham recently declared he would step down as AGCO leader at the end of 2023. This would mark a 33-year-long career in the public sector as an Ontario civil servant for various ministries. Before being named the Registrar and CEO in 2020, he held several positions at the province’s gambling regulator, serving as the Chief Operating Officer and Director of License and Registration.
During his stint as the head of AGCO, Mungham oversaw numerous regulatory modernization initiatives in Ontario, including land-based casino expansions and the legalizing of OLG lotteries. He will also be credited for steering Ontario’s online gambling industry after relaunching on April 4, 2022. Already the numbers for online gaming are looking promising in the province.
Mungham to Continue Until a Replacement is Found
In a public statement from AGCO, the chair of the Board of Directors, Lalit Aggarwal, has indicated that Mungham will continue discharging his current duties as the board looks for a suitable replacement.
He said, “For over 33 years of public service, Tom has devoted his career to serving the people of Ontario. Before joining the AGCO, Tom worked in the Ministries of Correctional Services and Solicitor General before moving to the Ontario Provincial Police (OPP).”
AGCO’s Board of Directors commended Mungham for his accomplishments over his 17-year tenure at the regulator and his leadership as Registrar and CEO. The statement lauds Tom for offering outstanding leadership to the agency while expanding its scope and taking on many regulatory modernization projects.
Aggarwal added that the Board of Directors extends its sincere gratitude to Tom for his guidance in accomplishing AGCO’s purpose with a steadfast devotion to the ideals of respect, accountability, integrity, and public interest. “We wish him the very best for this next, well-earned chapter,” the chair added.
One of the significant accomplishments that will follow Tom Mungham wherever he goes is the booming online gambling industry. Recent numbers released by IGO (iGaming Ontario) revealed that the market’s handle has risen by 71% in Q3. Also, the Ontario sports betting industry has collected CAD 886 million in gaming revenue since its launch in April 2022.
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