Scientific Games Corp. has announced that David L. Kennedy, vice chairman of the board, will resign from his position for personal and family reasons, effective December 31.
Kennedy, who has been one of the closest advisers to SG Chairman Ronald Perelman, has spent 10 years at Scientific Games, during which time he serve as the company’s president and CEO on an interim basis for seven months. He has served on the board as a director since 2009, and held the role of vice chair between 2009 and 2016. He also served as Scientific Games president and chief executive officer between November 2013 and June 2014, during the transition period as the company acquired slot suppliers WMS Gaming and Bally Technologies.
Kennedy was the company’s chief administrative officer before being elevated to interim CEO. He was replaced as CEO by Gavin Isaacs.
During his 45-year business career, Kennedy held senior executive positions with Revlon and Coca-Cola Company and affiliates. In June 2016, he retired from his role as senior executive vice president of MacAndrews & Forbes, the investment firm controlled by Perelman, through which the company chairman amassed nearly 40 percent of the company’s stock.
Kennedy also recently retired from the board of Revlon, where he had served as vice chair since 2013 and as a director since 2006, and Revlon Consumer Products Corp, where he served as a director since 2006.
