Lawrence Levy will resign from his role as CEO of Ainsworth Game Technology Limited (AGT), to be replaced by Harald Neumann.
Levy will leave the role on 10 September 2021, with Neumann starting the position on 1 October 2021. The latter’s appointment is subject to regulatory approvals and the completion of contractual details.
CFO Mark Ludski will undertake the additional role of Interim CEO between the two dates, in order to “ensure continuity of leadership and oversight of the company’s operations,” AGT stated.
AGT Chairman Danny Gladstone said: “On behalf of the board, we thank Lawrence for his contribution through challenging times. Lawrence has decided to resign for personal reasons, and we wish him well.
“We are fortunate to be able to appoint Harald as our new CEO. As the former successful CEO of Novomatic AG, our major shareholder, and a director of AGT, he brings a wealth of knowledge and experience to the role with a thorough understanding of AGT.
“He will be able to seamlessly transition to the new position. Harald will be based in Las Vegas where he can lead AGT in our largest market continuing to drive growth and recovery.”
Neumann has been a director of the company since February 2017, and will become a director in an executive capacity from 1 October, with his remuneration terms expected to be similar to Levy’s.