Singapore Pools' deputy chief executive, Seah Chin Siong, will be appointed as chief executive from Jan 1 next year.
Mr Seah, who has held his current position since Oct 2012, will take over the reins of the betting company from Mr Tan Soo Nan.
Before working at Singapore Pools, Mr Seah was the founding chief executive of IDA International, a subsidiary of the Infocomm Development Authority of Singapore. He led the company in helping public agencies around the world harness infocomm-enabled capabilities to improve their socio-economic situations.
Mr Seah was also formerly managing director of Accenture's Public Service Operating Group for Asia-Pacific and Country Managing Director of Accenture Singapore. His 25-year experience spans across strategic planning, business development, change management and strategy formulation.
Singapore Pools said on Tuesday that Mr Tan will be retiring after leading the company for more than 12 years. Under his leadership, the company introduced a 24-by-7 phone betting service, expanded sports betting to include Formula One motor racing, and set up four sports entertainment venues that offer live betting.
Mr Tan also started the iShine programme to inculcate positive personal values among employees and to nurture their volunteering work in support of various meaningful causes. He also started a series of charity fundraising events, which have raised about $2.6 million since 2010.
In 2012, the company was recognised with the Level 4 certification under the World Lottery Association's Responsible Gaming Framework.