Scientific Games outlines management structure post-merger with WMS
News on 18 Sep 2013
News on 18 Sep 2013
With its merger with W.M.S. well on-track, Scientific Games announced its post-merger organisational structure and leadership team Tuesday.
A company statement revealed that the senior corporate executives of Scientific Games will remain in their current roles, including A. Lorne Weil, who will serve as chairman and chief executive officer of the combined company.
Operationally, the company will be organised into two industry groups – Gaming and Lottery.
The Gaming group is expected to be composed of:
* Core WMS Gaming business;
* Scientific Games’ server-based gaming business headquartered in the U.K.;
* Gaming-related systems businesses of both Scientific Games and WMS; and Williams Interactive.
The Gaming group will be led by William J. Huntley, who will serve as executive vice president and group chief executive of Gaming, reporting to Weil.
Huntley currently serves as executive vice president and CEO Systems, of Scientific Games, and has overseen the successful integration of several major acquisitions for the group.
The senior management team of the Gaming group will report directly to Huntley and is anticipated to include:
Ken S. Lochiatto, president and chief operating officer of WMS Gaming;
Scott D. Schweinfurth, CFO of Gaming and chief integration officer of Scientific Games;
Frederick M. Gabbard, senior VP, Product Development;
Steven W. Beason, Enterprise CTO of Scientific Games;
Brooks H. Pierce, chief revenue officer of Gaming;
Phil Horne, group managing director of SG Gaming U.K.; and
Jordan E. Levin, managing director of Williams Interactive.
Lochiatto, Schweinfurth, Gabbard, Levin, and Edidin currently serve in senior management roles at WMS.
Orrin J. Edidin will assume the role of senior VP Strategy and Business Development of Gaming, reporting directly to Weil.
Steve Frater, executive chairman of SG Gaming U.K., will continue to report to Weil.
Brian R. Gamache, who has served as CEO of WMS since 2001 and chairman since July 2008, will continue with Scientific Games in a consulting capacity to provide strategic advice to Weil and the senior management team as the two companies complete the integration and focus on the continued growth of the Company’s global gaming business.
Lottery operations constitute the other division of the company, with both of Scientific Games’ lottery businesses – Printed Products and Lottery Systems – led by James C. Kennedy, who will serve as executive VP and Group CEO of Lottery, reporting to Weil.
“This announcement is an exciting step forward in the evolution of Scientific Games into a global gaming company with the most comprehensive portfolio of products and services and world-class functional expertise across the lottery and gaming industries,” said Weil Tuesday.
“I am excited about the experienced leadership team we have chosen to take Scientific Games to the next level of success. We are uniting two highly complementary businesses and creating a collaborative team focused on delivering new solutions, truly innovative content, world-class technology and industry-leading services to customers around the globe.”
In January this year Scientific Games entered into an agreement to acquire WMS for $26.00 in cash per common share, or approximately $1.5 billion in the aggregate. The transaction, which remains subject to the approval of gaming regulatory authorities and other customary closing conditions, is expected to close in the fall of 2013.
