The chairman of Everi Holdings will retire in May. The current CEO, Mike Rumbolz, will take over, the Las Vegas-based company revealed on Tuesday.
Miles Kilburn, the company’s chairman since 2008, said in a statement that the company “has good market strength, and its financial recovery from the pandemic is well underway. It has a significant opportunity for growth ahead.”
Rumbolz, Everi’s CEO since 2016, has been a member of the company’s board since 2010. He will be the chairman as well as the CEO.
Kilburn oversaw the company’s development in gaming equipment, systems, and products, and financial technology. And also player loyalty programs during his tenure as chairman.
Moreover, Everi’s most important acquisition was the $1.2 billion purchase of slot machine developer Multimedia Games in 2014.
“With my business interests expanding and the company’s stewardship in place, it’s a perfect time to retire and provide an opportunity to bring fresh ideas to the board,” Kilburn said.
Rumbolz has a long history of working in the gaming industry. He was previously vice chairman of Casino Data Systems, CEO of Anchor Gaming, Circus Circus Enterprises’ director of production, and more. He currently serves as a member of Seminole Hard Rock Entertainment and VICI Properties.
Furthermore, Everi announced that Ronald Congemi, a board member since 2013, will lead independent directors.
Everi’s stock price on the New York Stock Exchange remained unchanged at $14.72.
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