LAS VEGAS, May 21, 2020 /PRNewswire/ -- Scientific
Games Corporation (NASDAQ: SGMS) ("Scientific Games" or the
"Company") today announced that Michael
Eklund will become its Chief Financial Officer on
June 1, 2020. Mike Eklund spent more than 20 years at Dell
Technologies in both financial and operational roles, including
leading the value creation and integration function for the
$67 billion Dell-EMC combination and
serving as chief financial officer of Dell's $40 billion-plus Client Solutions Business Unit
and Global Operations organization. Most recently, he has
served as CFO of IRI, a global leader in innovative data and
analytic solutions and services for consumer, retail and media
companies. Michael Quartieri
will remain full time with the Company until June 30, 2020 and will serve in a consulting role
through December 31, 2020.
Scientific Games CEO Barry Cottle
said: "Mike Quartieri has done an
outstanding job over the last four years building a world class
financial team, revitalizing our financial management and
refinancing our debt. The Board of Directors and I are very
grateful for Mike's constant dedication to the success of the
Company and its people. Mike now wants to move to a new
industry with new challenges after many years in the gaming
business. He wanted to leave earlier this year but, after the
COVID-19 pandemic hit, Mike agreed to stay to help the Company with
that crisis. Mike has led our efforts to reduce our cash burn
while preserving key operations, developing plans to manage through
the pandemic, preparing to be an even stronger competitor as we
emerge from the crisis and working with our lenders to get our
Credit Agreement amended to provide covenant relief.
With those key steps taken, we are now ready to proceed with
the transition to a new CFO.
"We are very fortunate to have Mike
Eklund join us starting on June 1. He has a wealth of
experience in financial and operational leadership and a passion
for aligning all aspects of a company's finance and operations with
its core business model that positions him well to build on
Mike Quartieri's legacy."
© 2020 Scientific Games Corporation. All rights reserved.
About Scientific Games
Scientific Games Corporation
(NASDAQ: SGMS) is a world leader in entertainment offering dynamic
games, systems and services for casino, lottery, social gaming,
online gaming and sports betting. Scientific Games offers the
gaming industry's broadest and most integrated portfolio of game
content, advanced systems, cutting-edge platforms and professional
services. Committed to responsible gaming, Scientific Games
delivers what customers and players value most: trusted security,
engaging entertainment content, operating efficiencies and
innovative technology. For more information, please visit
scientificgames.com.
Media Inquiries:
Media@scientificgames.com
Forward-Looking Statements
In this press release,
Scientific Games makes "forward-looking statements" within the
meaning of the U.S. Private Securities Litigation Reform Act of
1995. Forward-looking statements can be identified by words such as
"will," "may," and "should." These statements are based upon
management's current expectations, assumptions and estimates and
are not guarantees of timing, future results or performance.
Therefore, you should not rely on any of these forward-looking
statements as predictions of future events. Actual results may
differ materially from those contemplated in these statements due
to a variety of risks, uncertainties and other factors, including
those factors described in our filings with the Securities and
Exchange Commission (the "SEC"), including Scientific Games'
current reports on Form 8-K, quarterly reports on Form 10-Q and its
latest annual report on Form 10-K filed with the SEC on
February 18, 2020 (including under
the headings "Forward-Looking Statements" and "Risk Factors").
Forward-looking statements speak only as of the date they are made
and, except for Scientific Games' ongoing obligations under the
U.S. federal securities laws, Scientific Games undertakes no
obligation to publicly update any forward-looking statements
whether as a result of new information, future events or
otherwise.
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SOURCE Scientific Games Corporation