Digital casino products and player loyalty solutions provider Everi Holdings Inc has announced a “Senior Management Transition” that will see current CEO Michael Rumbolz appointed Executive Chairman of the Board of Directors and COO Randy Taylor taking over as CEO, effective from 1 April 2022.
“Under Mike’s leadership the company’s market capitalization has increased from US$168 million at the time of his appointment as Interim President and CEO in February 2016 to approximately US$2 billion today,” said Ronald Congemi, Lead Independent Director of Everi.
“The company’s appreciation in market value, the significant growth we have achieved across our business and the culture of collaboration and innovation that exists at Everi today all directly reflect Mike’s leadership.
“Mike was instrumental in establishing a vision for Everi, and he steered the company through significant changes while implementing new operational practices. His contributions include improving the Company’s depth and breadth of leadership, driving a corporate culture based on teamwork, collaboration and inclusion, and putting Everi on a growth path based on continuous operational improvement.
“On behalf of our Board of Directors, we sincerely thank Mike for his nearly six years of outstanding service to the Company as our CEO, and we are excited that we will continue to benefit from his experience, insights and guidance as Executive Chairman.”
Congemi added that new CEO Taylor has “consistently assumed additional leadership and operations responsibilities. We are very fortunate to have a talented executive in Randy who is capable of seamlessly stepping into the CEO role to continue to lead and advance the strong growth trajectory and momentum the Company has established over the last several years.”
Taylor previously served as Everi’s Executive Vice President, Chief Financial Officer and Treasurer for six years before becoming President and Chief Operating Officer in April 2020.