Scientific Games Corp. is restructuring in the wake of its pending US$1.5 billion merger with WMS Industries under a new executive team.
Gone is Brian Gamache, longtime WMS chairman and chief executive, who will serve in a “consulting capacity” as the integration of the two companies is completed, the New York-based, Nasdaq-listed lottery and systems giant said.
WMS President Orrin Edidin will move into a new role as senior vice president, Strategy and Business Development, within a newly formed Gaming division.
“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,” said SciGames Chairman and CEO Lorne Weil.
The Gaming division, consisting of the core slot manufacturing business of WMS Gaming together with Williams Interactive, SciGames’ server-based operations in the UK and the gaming systems businesses of the two companies, will be headed by William J. Huntley. Huntley currently is executive vice president and CEO of SciGames Systems. Reporting to him will be Ken S. Lochiatto, president and chief operating officer of WMS Gaming, SciGames CFO Scott Schweinfurth and CTO Steven Beason.
A reorganized Lottery division will be headed by James Kennedy, who will report directly to Mr Weil.
SciGames entered into an agreement in January to acquire WMS for $26 in cash per share. The deal is winding its way through various regulatory approvals but is expected to close in the fall.
