CEO's contract extended; CFO retires
Online and land gambling supplier Scientific Games has revealed top management moves at group level, with CEO Gavin Isaac's contract extended by a year, and group chief financial officer Scott Schweinfurth on the way to a well-deserved retirement.
Isaac's contract extension is a vote of confidence in Isaacs, who has overseen important acquisitions like that of Bally Technologies and WMS Gaming.
In a securities filing the SG board of directors paid tribute to Isaacs for achieving "key business objectives, including integration milestones" in successfully integrating the operations of former companies Bally, WMS and SHFL
The retirement – officially at the end of this (December) month – of Scott Schweinfurth, executive vice president, chief financial officer and corporate secretary of Scientific Games Corporation, has also been announced.
Schweinfurth joined Scientific Games during the WMS acquisition and for the past year, has been involved in the integration of the former Bally Technologies following its $5.1 billion acquisition by Scientific Games.
He will remain as CFO until year-end tax and corporate reporting projects have been completed, and will assist the company in handing over to a successor who is currently being sought with the aid of an independent executive search company.
Online Casino News Courtesy of Infopowa
