Everi Holdings Inc., a single-source provider of gaming products, financial technology and loyalty solutions, announced three executive appointments last week:
- Randy L. Taylor has been promoted to the newly created position of president and chief operating officer
- Mark F. Labay will succeed Taylor as executive vice president, chief financial officer and treasurer
- David J. Lucchese will assume the role of executive vice president, sales, marketing and digital.
All the appointments will be effective April 1. Lucchese will succeed Edward A. Peters, who will retire after 37 years. In other news, Everi CEO Michael Rumbolz has extended his term of employment through March 2022. Rumbolz will shift his focus towards Everi’s long-term strategic growth initiatives, including 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 COO, Taylor will help guide the enterprise-wide execution of Everi’s growth-focused strategies. Prior to joining Everi in 2011, Taylor was CFO and principal financial accounting officer of Citadel Broadcasting Corp. His resume includes stints at Aladdin Gaming, Showboat Inc., and Bally Technologies.
“Randy has been instrumental in driving Everi’s success and positioning it for continued growth,” said 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. His experience and attention to detail will help to further improve our day-to-day focus and financial performance.”
Labay has been with Everi for more than 17 years, most recently serving under Taylor as senior vice president, finance and investor relations. As CFO, he will implement financial strategies that support Everi’s growth initiatives. Prior to joining Everi, he was controller of El Portal Group and had been with Deloitte & Touche.
“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 Rumbolz.
In his new role, 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. He has served since January 2017 as executive vice president, digital and interactive, 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. Before joining the company, he spent 25 years in sales positions at Bally Technologies, Aristocrat Technologies and Casino Data Systems.
“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,” said Rumbolz. “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.”
The CEO wished Peters well in his retirement. “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’re 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.”
