New President and CEO For Scientific Games Corporation

Published June 14, 2014 by OCR Editor

New President and CEO For Scientific Games Corporation

After six months as President and CEO of Scientific Games Corporation, David Kennedy is moving across to an Executive Vice Chairman position, leaving new appointee Gavin Isaacs to take on the role.

Scientific Games Corporation have just released details of a new appointment to the position of President and CEO. Gavin Isaacs, formerly at SHFL entertainment has joined the company, replacing David Kennedy who stood in as interim CEO following the exit of twenty-year veteran Lorne Weil at the end of 2013.

Experience is Key

Kennedy steered the company through an important period in its history and worked closely with the board of directors to find and recruit a successor. In Gavin Isaacs they have appointed an experienced industry figure who has worked at a number of the biggest games developers and suppliers for many years. His work history includes positions as President of Aristocrat Technologies in Las Vegas, Head of Global Marketing and Business Development and Managing Director at the European headquarters of Aristocrat Leisure, and then from 2006- 2011 he was Executive Vice President and CEO of Bally Technologies.

His most recent position was as CEO of SHFL Entertainment, which he held until the company was taken over by his old employer, Bally Technologies, in 2013. In total, Isaacs has some 15 years of experience at the top levels of the gaming business.

Strategic Thinker

Commenting on the appointment, Scientific Games' chairman Ronald Perelman said ''We were fortunate to have a leader of David's stature and experience at such an important time, and we are pleased that he will continue to serve the company and our stockholders as executive vice chairman.'' He added that Gavin's' focus on strategic thinking, customer relationships and experience in growing similar businesses make him an ideal choice to improve the bottom line and improve cash flow at Scientific Games.

Speaking about his new position, Gavin said he was looking forward to working with the team at Scientific Games, as they ''concentrate on creating and distributing innovative products and services to our customers, completing the integration of WMS and enhancing stockholder value.''

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