Gaming supplier Bally Technologies has brought in former chairman David Robbins and former chief executive Richard Haddrill to reassume their previous roles, with incumbent president and CEO Ramesh Srinivasan set to step down on May 23rd.
Haddrill (pictured) has served as a member of the board since 2003 and chairman since 2012, and also held the role of chief executive from 2004 to 2012.
His reappointment as chief executive will see him stand down as chairman, with current lead independent director Robbins reassuming the role he held between 1997 and 2010.
"The board would like to thank Ramesh for his many years of service to Bally and for his leadership in guiding the company through the acquisition and integration of SHFL entertainment, as well as his exemplary execution in developing Bally's systems business," said Robbins.
He also lauded Haddrill's depth of knowledge about company and the wider industry, which he described as "unparalleled", and said that he is uniquely qualified to lead Bally through its next era of growth.
"We are confident that Dick, together with our executive management team, will ensure a seamless transition and execute our strategy of continuing to grow Bally into the leading provider of technology based products and services to the global gaming industry," Robbins added.
Commenting on his departure as president and CEO, Srinivasan said: "I am very proud of our wonderful team and what we have accomplished together during the past nine years at Bally. I am confident that the company is extremely well positioned to build on some fantastic opportunities."
Shares in Bally Technologies Inc. (Co. Data) (NYS:BYI) closed in New York Thursday down 1.34 per cent at $59.45 per share.