EVERI HOLDINGS INC. (EVRI)

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Based on the pps performance of late, a change needed to be made!

Today's PR

Today : Tuesday 16 February 2016
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Everi Reaffirms Outlook for 2015 Adjusted EBITDA

The Board of Directors (the “Board”) of Everi Holdings Inc. (NYSE:EVRI) (the “Company”, “Everi”) today announced the appointment of current Director, Michael D. Rumbolz, to the role of Interim President and Chief Executive Officer (collectively, “CEO”). The Board has formed a search committee to identify a qualified candidate to serve as the Company’s permanent CEO.

The Board voted to remove Ram V. Chary from his positions as the Company’s President, CEO and Board member, effective on February 13, 2016.

“While this was a difficult decision, the Board believes this move is in the Company’s best interest," said E. Miles Kilburn, Chairman of the Board.

The Board will consider internal and external candidates for the role, and expects to hire a CEO who has a strong track record of success.