Scientific Games Corporation has hired Doug Albregts from electronics giant Sharp Corporation to lead its gaming division.
Albregts joins as executive vice president and group chief executive of gaming for the New York-listed supplier, replacing Derik Mooberry, who has served in the role since November 2014, when his previous employer Bally Technologies was acquired by Scientific Games.
Mooberry will remain with the company, moving to a new role as executive vice president of strategic projects.
Albregts joins from Sharp Electronics Corporation, the US arm of the Japanese electronics giant Sharp, where he served in a number of senior executive roles. During his time with the company he served as CEO of Sharp Imaging and Information Company, as well as president, CEO and chairman of Sharp Electronics America, responsible for the US$6bn operating unit.
He has also worked for other multinational digital technology giants such as financial services business American Express, Japanese IT corporation NEC and Korean electronics giant Samsung.
"Given Scientific Games' diverse range of industry leading products and services, we are very excited that we will be bringing Doug's deep experience managing a wide range of high-tech businesses and driving innovation across product lines to lead the gaming division," said SG Interactive CEO Barry Cottle, who is set to take over as Scientific Games chief executive in June.
"Doug's proven success at top-notch global technology companies will help us lead the industry in innovation and enable us to execute our growth strategies," Cottle said. "I also want to acknowledge Derik Mooberry for his service and leadership at our company and within our industry. We're looking forward to continuing to work with him."
Commenting on his new role, Albregts said: "I am excited to join Scientific Games as Barry Cottle becomes the new CEO and all SG is poised to continue to lead the industry.
"My passion for driving innovation, promoting operational excellence and executive leadership skills, and experience developing cutting-edge commercial technology will enable me to hit the ground running, executing our growth strategies and continuing our momentum as a company," he said. "I look forward to meeting our customers, understanding players' needs, expanding in new and growing markets and driving growth for our customers and shareholders."
Shares in Scientific Games Corporation (NSQ:SGMS) closed up 2.38 per cent at $60.25 in New York Tuesday, having set a new 52-week high of $61.50 per share on Monday in the wake of the Supreme Court decision to overturn the Professional and Amateur Sports Protection Act (PASPA).