Appointment of Frank Suarez as President and CEO of the Connecticut Lottery CorporationWALLINGFORD, CT/June 13, 2024 –Today, the CT Lottery Corporation Board of Directors voted to appoint Frank Suarez, Executive Director of the DC Office of Lottery and Gaming, as the new permanent President and CEO of the Connecticut Lottery Corporation (CLC). The appointment of Mr. Suarez will be effective as of August 1, 2024.
The appointment is the culmination of anationwide search that began eleven months ago, with nearly 300 candidates from across the country having applied for the position. Mr. Suarez was selected for the position, as his strategic vision, dedication to customer-centric solutions, and commitment to fostering acollaborative and inclusive work environment best aligned with CLC’s core values and vision for the future.
Mr. Suarez brings with him awealth of experience and astrong track record of success in the lottery and gaming industry. With over 10 years of progressive lottery leadership roles, including seven years with the North Carolina Education Lottery as Deputy Executive Director of Brand Management and Communications and, most recently, as Executive Director of the DC Lottery for the past 3years, he is uniquely qualified to lead CLC into its next phase of growth and innovation.
“I am honored and excited to join the Connecticut Lottery Corporation and to work with the talented team here to drive continued growth and success,” said Suarez. “Our focus will be on maximizing revenue for the state while maintaining the highest standards of integrity and responsible gaming.”
Since 2014, Mr. Suarez has served in leadership roles at two state lotteries, the North Carolina Education Lottery and the DC Lottery. Under his leadership, the DC Lottery saw significant increases in revenue and profitability through innovative strategies and effective management. During his tenure, Mr. Suarez directed aremarkable turnaround in sports betting operations, transforming aloss into profitability in less than ayear and establishing the DC Lottery sportsbook as the largest in the District. He also successfully negotiated and led the conversion to anew mobile and online sports betting platform, resulting in an astounding 887% growth in gross gaming revenue within the first 30 days of operation. Mr. Suarez also helped to revitalize iLottery marketing strategies, launch anew mobile app and expand the DC Lottery’s game portfolio. These efforts led to a168% increase in gross gaming revenue, ensuring long-term growth and profitability for the iLottery segment. Mr. Suarez also currently serves as Vice Chair of Multi-State Lottery Association’s (MUSL) Product Development Committee and Chairman of the MUSL Fast Play Product Group.
In addition to his lottery experience, Mr. Suarez also possesses extensive private sector experience in Brand Marketing and Management, which includes strategy, planning, product innovation, and promotion, for several national and global brands. He holds aMaster of Business Administration (M.B.A) degree from Darden Graduate School of Business Administration, University of Virginia, as well as aBachelor of Science in Business Administration (B.S.B.A) degree from the Kenan-Flagler Business School at the University of North Carolina.
“We are thrilled to welcome Frank Suarez as our new President and CEO,” said Robert T. Simmelkjaer, Board Chair of CLC. “His exceptional leadership skills, extensive industry experience, and visionary approach make him the perfect choice to guide our company into the next phase of growth and innovation. We are confident that, under his stewardship, we will continue to achieve remarkable success and continue to deliver value to our players and revenue to the State of Connecticut.”
As CLC welcomes Mr. Suarez to Connecticut, the Board of Directors would like to acknowledge and express gratitude to Greg Smith for his leadership and dedication over the past 6years. He has been instrumental in steering the Connecticut Lottery to its current position as one of the highest performing lotteries in the country. Effective August 1, 2024, Mr. Smith will assume the position of Special Consultant to assist with the transition of leadership. He plans to officially retire at the end of September.
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About the Connecticut Lottery Corporation
The Connecticut Lottery Corporation (CLC) is aquasi-public state agency with the mission to generate revenue for Connecticut consistent with the highest standards of good public policy and social responsibility. In fiscal year 2023, players won more than $1.1 billion in prize money and retailers earned more than $80 million in commissions. At the same time, the CLC provided more than $404 million to support the valuable services and programs funded by the state’s General Fund including public health, libraries, public safety, education and more. Since the Lottery began in 1972, its contributions to the General Fund have exceeded $12 billion. The CLC reminds the public that Lottery purchasers must be 18 or older, and players must be at least 21 to place sports wagers. Help is available for problem gambling. Call 888-789-7777 or visit ccpg.org.
