Scientific Games Corporation has named Mike Eklund as its new Chief Financial Officer, replacing Michael Quartieri from 1 June 2020.
Eklund arrives at Scientific Games from IRI, a global provider of innovative data and analytic solutions and services for consumer, retail and media companies, having previously spent 20 years with Dell Technologies in both financial and operational roles.
Michael Quartieri will remain with the company full-time until 30 June 2020 and serve in a consulting role through 31 December 2020, the company added.
“Mike Quartieri has done an outstanding job over the last four years building a world class financial team, revitalizing our financial management and refinancing our debt,” said Scientific Games CEO Barry Cottle.
“He now wants to move to a new industry with new challenges after many years in the gaming business. He wanted to leave earlier this year but after the COVID-19 pandemic hit, Mike agreed to stay to help the company with that crisis. Mike has led our efforts to reduce our cash burn while preserving key operations, developing plans to manage through the pandemic, preparing to be an even stronger competitor as we emerge from the crisis and working with our lenders to get our Credit Agreement amended to provide covenant relief.
“With those key steps taken, we are now ready to proceed with the transition to a new CFO.
“We are very fortunate to have Mike Eklund join us. He has a wealth of experience in financial and operational leadership and a passion for aligning all aspects of a company’s finance and operations with its core business model that positions him well to build on Mike Quartieri’s legacy.”