New York-listed lottery and gaming supplier Scientific Games has promoted Barry Cottle to the office of president and chief executive officer.
Cottle currently serves as chief executive of the company's SG Interactive division and assumes his new role on June 1st, replacing current president and chief executive Kevin Sheehan, who will remain with the business as a senior adviser.
Cottle has led SG Interactive since August 2015, overseeing strong revenue growth in that time and leading the company's efforts to enter the sports betting and iLottery markets through the acquisition of NYX Gaming Group.
"I'm proud of what we have accomplished over the past two years," commented Kevin Sheehan. "Our Company is stronger than ever and growing across all our divisions. With the acquisition of NYX and the rapid growth of our entire interactive business, Scientific Games is poised to lead the future as the entire gaming industry transitions to new digital and mobile platforms.
"I want to thank the Scientific Games executive team, my friends and colleagues at MacAndrews & Forbes and all of our employees for their hard work and commitment. Barry has been a great partner, and I look forward to supporting his efforts to lead Scientific Games into the digital future."
Ronald Perelman, chairman of Scientific Games, said: "Kevin took over after the successful integration of Bally and WMS and, as one company, moved Scientific Games forward and helped in driving growth across all our business units.
"I want to thank him for his strong leadership and tireless efforts that led to the company's success over the last two years and I look forward to continuing to work with him as a senior advisor to the company. Under Barry's leadership, SG Interactive, now SG Social and SG Digital with the NYX acquisition, has become the market leader in free-to-play and online gaming and is perfectly positioned to capitalize on new markets opening up to legalized online gaming, lottery and sports betting around the world, including the United States."
The company has also announced the appointment of Tim Bucher as executive vice president and chief product officer across all SG business divisions.
Bucher previously served as senior vice president and general manager of the Consumer Solutions Group at Seagate Technology and is an industry veteran who has created several successful companies which have either been taken public or acquired by technology giants including Apple, Microsoft, Dell, and Seagate Technology. He has also served in executive product roles directly for the likes of Steve Jobs, Bill Gates and Michael Dell.
"Innovation is the cornerstone of our strategy at Scientific Games," said Cottle. "Across all our business units and platforms, we are relentless in our efforts to drive greater efficiency and adaptability to take advantage of new and growing markets.
"Scientific Games' expertise and passion for innovation is an invaluable asset, as we continue to build cutting-edge technology to enhance the player experience for both retail and digital platforms."
Shares in Scientific Games Corp. (NSQ:SGMS) closed unchanged in New York Wednesday at $53.70 per share, just off their 52-week high of $56.45 per share set on January 23rd.