Sydney-listed gaming supplier Ainsworth Game Technology (AGT) has appointed Novomatic executive Lawrence Levy as its new chief executive.
Subject to necessary regulatory approvals, Levy will replace Ainsworth’s long-serving CEO Danny Gladstone, who announced last September that he would step down from his role on 30 June.
Levy has been at Novomatic for the past ten years, most recently serving as vice president of global sales. He has also held roles in operations and sales within Central and South America.
“Lawrence is a highly respected and experienced gaming executive and I am confident that he will further assist the company achieve its strategies to become a leading provider of innovative gaming technology to the global market,” said Ainsworth Game Technology chairman Graeme Campbell.
Ainsworth added that Gladstone, who has served as CEO since February 2007 and oversaw the company’s acquisition by Novomatic last year, will ensure an orderly transition utilising his vast experience.
Shares in Ainsworth Game Technology Ltd (ASX:AGI) closed down 0.62 per cent at AUD$0.80 per share in Sydney Wednesday.