Australian slot manufacturer Ainsworth Game Technology Ltd. announced the appointment of Lawrence Levy as the company’s new chief executive officer, effective July 1.
Levy is currently vice president of global sales at Novomatic AG Austria. He has held senior positions in the gaming industry in a career spanning 37 years. Novomatic has been Ainsworth Game’s majority owner since January 2017, and its strategic partner in sales and technology to build market share for each of the company’s brands.
Levy will replace Danny Gladstone, who will be leaving his post as CEO June 30, but will remain with the company in an advisory role.
“The board advised that ongoing discussions with Mr. Danny Gladstone are expected to ensure an orderly transition and the utilization of his vast experience,” Ainsworth said in a press release.
According to the announcement, Levy will be receive an “initial gross salary of A$700,000 (US$496,500) per annum (exclusive of statutory superannuation contributions),” plus a bonus of “up to A$300,000 per annum, subject to company performance and board description.” The appointment has no fixed term, but it is subject to an annual review by Ainsworth’s board and a six-month probation period.
“Lawrence is a highly respected and experienced gaming executive, and I am confident that he will further assist the company achieve its strategies to becomes a leading provider of innovative gaming technology to the global market,” said Ainsworth Chairman Graeme Campbell.
The announcement caps a six-month search for Gladstone’s replacement after his September announcement that he will step down. The appointment is subject to the normal regulatory approvals.
