Scott Schweinfurth, the executive vice president, chief financial officer and corporate secretary of Scientific Games Corporation, will retire at the end of the year, according to an announcement by the company.
Schweinfurth, 61, was chief financial officer of the former WMS during the slot-maker’s resurgence to near the top of the slot market. He joined Scientific Games when it acquired WMS. For the past year, he has been helping with the integration of the former Bally Technologies after that $5.1 billion acquisition by Scientific Games.
Schweinfurth will continue as CFO through the year-end financial audit and filing of Scientific Games’ Form 10-K, and the appointment of his successor. According to the company, he will work closely with Scientific Games management to ensure a smooth and successful transition of responsibilities.
The company has initiated a search process and retained Egon Zehnder, a leading executive search firm. The company will consider both internal and external candidates to fill the CFO position.
“On behalf of the Board of Directors and everyone on the Scientific Games team, I want to thank Scott for his leadership and significant contributions to our company,” said Scientific Games CEO Gavin Isaacs. “We look forward to an orderly and seamless transition of his responsibilities. I’ve known Scott for many years, and having worked so closely with him during the last 18 months, I will miss his good humor and friendship. We wish him and his family all the best as he embarks on a new chapter in his life.”
Schweinfurth said, “I am privileged to have been part of the Scientific Games team, working alongside many talented people across our global organization. I’ve thoroughly enjoyed my 20-plus years in the gaming industry at Scientific Games, WMS and Bally, but now it’s time for me to retire. With the talented and experienced team we’ve built as we integrated our companies, I am confident that it is the right time to transition the company’s financial leadership. I look forward to enjoying my retirement and spending more time with my family and friends.”
The company also announced that Michael Quartieri has joined Scientific Games as vice president and corporate controller. Quartieri most recently served nine years as senior vice president, chief accounting officer and global controller for Las Vegas Sands Corp. Previously, he had a 13-year tenure at Deloitte & Touche, rising to the position of director of audit and assurance services and specializing in gaming and hospitality clients.
“We welcome Mike to Scientific Games and to our finance and accounting team,” said Isaacs. “I am confident that his leadership, experience and wide range of capabilities will benefit our organization and all of our stakeholders as we grow and evolve our business.”
