Australian slot machine developer Ainsworth Game Technology has announced former Novomatic executive Lawrence Levy as its new CEO, replacing the outgoing Danny Gladstone.
Levy, who recently held the position of Vice President Global Sales at Novomatic AG Austria, will step into the top job at Ainsworth on 1 July.
In a filing with the Australian Securities Exchange, Ainsworth revealed that Levy will be paid an initial base salary of AU$700,000 per annum with an “at risk” bonus of up to AU$300,000 on offer subject to performance.
“Lawrence is a highly respected and experienced gaming executive and I am confident that he will further assist the company achieve its strategies to becomes a leading provider of innovative gaming technology to the global market,” said Ainsworth Chairman Graeme Campbell.
Levy’s appointment comes 15 months after Novomatic completed its acquisition of a 52% stake in Ainsworth and six months since Gladstone announced he would be stepping down from the CEO’s role.