Scientific Games CEO Weil steps down
A Lorne Weil steps down from his roles of chair and CEO to be replaced by David L Kennedy
Scientific Games CEO A. Lorne Weil has stepped down from his dual role of CEO and chairman at the lottery giant with David Kenney replacing him as the company’s new chief exec with immediate effect.
Weil became CEO in 1992 and more recently combined the position with that of chairman. However, the board of directors has taken the decision to separate the two roles with Ronald Perelman appointed as chairman.
“I am honored that the Board has selected me to lead Scientific Games and I am excited about the opportunity to work with the talented executive team to continue to grow the business,” said Kennedy.
“Scientific Games is well positioned to offer customers a complete suite of products and services, expand opportunities for our employees and drive enhanced value for our stockholders.”
Last month Scientific Games announced it had completed its $1.5bn buyout of slot machine manufacturer WMS industries.
“David understands the business extremely well and is ideally qualified to work with the management team to further improve results, oversee the integration of WMS Industries, and work with the Board to facilitate an ongoing succession process,” Perelman added.
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