Anne M. Noble, president and CEO of the Connecticut Lottery Corp. for the last nine years, resigned Tuesday, saying, "I've really done what I set out to do when I was hired by this board in 2008."
"I'm fond of saying this is not your mother's lottery," Noble said after a late afternoon lottery board meeting during which her departure agreement was approved.
Noble, who earns $206,000, will remain as CEO until Sept. 22. After that she will stay on as a "senior adviser" to the lottery board until Jan. 31, at the same rate of pay. At that point she will be fully vested for state retirement benefits.
In February, Noble will serve six months as an independent consultant to the board at a rate of $25,000 a month. Noble will also a receive a previously scheduled $21,220 incentive bonus in October.
Noble's supporters on the board described her as a strong leader who has both transformed the agency and exceeded goals for the lottery's gambling games, including the recently launched keno.
Frank Farricker, chairman of the lottery board, will take over as interim CEO when Noble steps down on Sept. 22. Farricker, who lives in Greenwich, said he will not collect a salary but will be paid for his expenses.
"It's a demanding job and she's been on this job a very long time," Farricker said. "After we got to June 30 and again hit those numbers, I think she just realized she's done everything she could do at the lottery."
"Anne was instrumental in the successful roll out of keno this past spring, which is outperforming expectations, as well as the expansion of the popular Lucky for Life game from Connecticut to New England, and now sales nationwide," Farricker said.
"When you talk about all the things that she's done and the incredible amount of time she puts into the job, it makes a lot of sense that she's hit a wall."
Last year, the lottery and the state Department of Consumer Protection shut down the "5 Card Cash" game after noticing there were more winners than the game's parameters should have allowed, and determined that some lottery agents were manipulating machines to print more winning tickets and fewer losers.
Asked if the state's investigation into the lottery's 5 Card Cash game played a role in Noble's departure, Farricker said: "I can imagine with her job demands and investigations and things, that's a lot to put on her shoulders. I don't know if it was part of her decision-making but I really think that ultimately, at the end of the day, she's achieved as much as she can do at the lottery."
During Fscal 2016, the Connecticut Lottery contributed $337.5 million to the state's general fund. Since the lottery began in 1972, contributions to the general fund have exceeded $8.5 billion.
Meg Green, a spokeswoman for Gov. Dannel P. Malloy, said that "our office has no involvement" with Noble's resignation.
"This is a decision made independent of the governor's office by the CT Lottery board, which is an independent agency."
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