Everi Holdings Inc. (NYSE: EVRI) (“Everi” or the “Company”), the
gaming industry’s premier single-source provider of gaming
products, financial technology and loyalty solutions, announced
today that Randy L. Taylor has been promoted to the newly created
position of President and Chief Operating Officer and Mark F. Labay
has been appointed to succeed Mr. Taylor as Executive Vice
President, Chief Financial Officer and Treasurer. In addition,
David J. Lucchese will assume the role of Executive Vice President,
Sales, Marketing and Digital, succeeding Edward A. Peters who
informed the Company of his plans to retire following a
distinguished 37-year professional career. The appointments are
effective as of April 1, 2020.
The Company also announced that the Company’s
Board of Directors has extended Mr. Rumbolz’ employment agreement
as Chief Executive Officer for an additional 14 months through
March 31, 2022. In conjunction with the announced executive
leadership changes, Mr. Rumbolz will shift his primary focus
towards Everi’s long-term strategic growth initiatives, including
support for the Company’s ongoing growth plans, its organizational
development, corporate culture and technological innovation.
“These changes to the executive management team
fortify our leadership capabilities and are the result of our
organizational development and succession planning initiatives,”
said E. Miles Kilburn, Chairman of the Board of Everi. “The
appointments recognize the significant contributions Randy, Mark
and Dave have made to Everi’s success, their broad expertise, and
their ability to successfully execute on new opportunities and to
resolve challenges effectively and efficiently. Under Mike’s
leadership, Everi has distinguished itself in recent years with its
success and strong operating performance, while creating and
fostering a culture that emphasizes innovation and collaboration,
elements that have become an integral foundation of our growth.
These leadership changes will help facilitate our ongoing
performance momentum and success in delivering future profitable
growth.”
As President and Chief Operating Officer, Mr.
Taylor will assume primary oversight of the Company’s day-to-day
execution of ongoing operational performance targets and the
Company’s efforts to drive continuous improvement across its
operations. Mr. Taylor will help guide the enterprise-wide
execution of Everi’s growth-focused strategies and will further
foster success-oriented accountability across the Company. He most
recently served as the Company’s Executive Vice President and Chief
Financial Officer since March 2014, and previously served as Senior
Vice President, Corporate Controller. Prior to joining Everi in
2011, Mr. Taylor served as Chief Financial Officer and Principal
Financial Accounting Officer of Citadel Broadcasting Corporation,
having advanced through various finance and accounting roles during
a 10-year tenure at Citadel. Previous responsibilities also
included significant casino gaming and supplier experience, having
served at Aladdin Gaming, LLC, Showboat, Inc., and Bally
Technologies, Inc. Mr. Taylor holds a Bachelor of Science in
Accounting degree from the University of Denver.
“Randy has been instrumental in driving Everi’s
success and positioning it for continued growth,” said Mr. Rumbolz.
“He has had direct oversight of many areas of the business where
we’ve achieved significant success. These include the improvements
in our balance sheet during the last several years, the
implementation of prudent investment strategies, including the
disciplined allocation of capital to expand and improve our Games
and FinTech product portfolio that has driven consistent profitable
growth, and overseen several accretive acquisitions. His experience
and attention to detail will help to further improve our day-to-day
focus and financial performance.”
Mr. Labay has been with Everi for more than 17
years, most recently serving under Mr. Taylor as Senior Vice
President, Finance and Investor Relations since April 2014. As
Chief Financial Officer, Mr. Labay will be responsible for the
Company’s financial, accounting, treasury, and investor relations
functions, and will implement financial strategies that support
Everi’s growth initiatives. During his time at Everi, he has
progressed through a number of the Company’s finance, accounting,
operational and strategic development functions, and has served as
Senior Vice President and General Manager Core Cash Access Services
and Senior Vice President Finance and Controller. Prior to joining
Everi, Mr. Labay was Controller of El Portal Group and had been
with Deloitte & Touche. He holds a Masters Degree in Accounting
from the University of Florida.
“Over the last six years, Mark has worked
closely with Randy on the development and implementation of
initiatives that have helped drive profitable growth and improve
our financial foundation and flexibility. He has led the process of
identifying and completing several accretive, strategic
transactions that have improved the competitive position and
financial performance of our FinTech business. Mark’s financial and
operational experience will continue to benefit the Company as he
moves into his new position,” said Mr. Rumbolz.
In his new role, Mr. Lucchese will be
responsible for Everi’s global sales and customer-experience
efforts, as well as continuing to guide the growth of the Company’s
Digital operations. Mr. Lucchese has extensive experience in the
gaming industry and has held several executive leadership roles at
Everi since joining the Company in April 2010. Most recently, he
has served since January 2017 as Executive Vice President, Digital
and Interactive Business Leader, while retaining oversight for the
relationship of strategic corporate accounts in the FinTech
business. He also served as Executive Vice President, Games and as
Executive Vice President of Client Services. Mr. Lucchese’s first
role at Everi was Executive Vice President of Sales, a role he held
for nearly four years. Before joining the Company, he served for
nearly 25 years in sales positions at Bally Technologies, Inc.,
Aristocrat Technologies, Inc., and Casino Data Systems. He holds a
Bachelor of Science degree in Marketing and Management from Indiana
University.
“In addition to leading our successful efforts
to launch and grow our digital and Interactive business, Dave has
continued to lead all aspects of many of our larger strategic
accounts. By aligning responsibility for all our customer
touchpoints under Dave, we expect to continue the momentum we have
in place to better serve customers, strengthen our competitive
position in the marketplace and enhance our long-term
profitability,” said Rumbolz.
“Finally, on behalf of the entire Everi team, we
wish Ed Peters the very best in his well-deserved retirement,” said
Mr. Rumbolz. “Ed has had an extraordinarily successful career and
during his five years at Everi, he built and led a team that has
dramatically grown sales of both Games and FinTech products and
services. He leaves behind a strong team dedicated to helping our
customers achieve even greater success. We are pleased that Ed has
agreed to a transitional position through May 2021 to affect a
smooth hand-off with our customers. I am excited to work with
Randy, Mark and Dave in their new roles and look forward to the
year ahead as we continue to deliver increased value for all our
stakeholders.”
About Everi
Everi is a leading supplier of imaginative
entertainment and trusted technology solutions for the casino,
interactive, and gaming industry. With a focus on both customers
and players, the Company develops entertaining games and gaming
machines, gaming systems and services, and is the preeminent and
most comprehensive provider of core financial products and
services, player loyalty tools and applications, intelligence and
regulatory compliance solutions. Everi’s mission is to provide
casino operators with games that facilitate memorable player
experiences, offer seamless and secure financial transactions for
casinos and their patrons, and deliver software tools and
applications to improve casino operations efficiencies and fulfill
regulatory compliance requirements. Everi provides these products
and services in its effort to help make its customers even more
successful. For more information, please visit www.everi.com, which
is updated regularly with financial and other information about the
Company.
Investor Relations Contacts
Everi Holdings Inc. |
JCIR |
William Pfund |
Richard Land, James Leahy |
VP, Investor Relations |
212-835-8500 or
evri@jcir.com |
702-676-9513 or william.pfund@everi.com |
|
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