Ainsworth Game Technology CEO Danny Gladstone has announced that he will step down from the role as of 30 June 2019.
In a filing with the Australian Securities Exchange on Monday, Ainsworth revealed that Gladstone had informed the company of his decision to depart the top job but that he would remain CEO for the next nine months in order to provide enough time to find a replacement and ensure a smooth and orderly transition.
He won’t leave the company completely however, with Gladstone set to move into another role once his successor as CEO is transitioned into the role.
“While there will be a more appropriate time to formally thank Danny, I would like to state that he has been an excellent CEO for AGT,” said Ainsworth Chairman Graeme Campbell. “He has successfully driven significant international expansion and growth in recurring revenues.
“Ainsworth is much stronger for Danny’s contribution. We are delighted he will continue to assist us in the future. A thorough and extensive search process will be undertaken to secure a new CEO who can lead AGT to the next stages of growth and profitability.”
Gladstone most recently oversaw Novomatic’s purchase of a 52% stake in Ainsworth for AU$500 million.
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