Former CEO Danny Gladstone to take over as Ainsworth Chairman

Former Ainsworth Game Technology CEO Danny Gladstone is set to take over as the company’s new Chairman of the Board.

Gladstone, who stepped down as CEO in June, will replace current Chairman Graeme Campbell at the conclusion of Ainsworth’s Annual General Meeting on 26 November 2019, with Campbell to remain on the board as Lead Independent Director.

The reshuffle is the latest in a range of board and management changes aimed at reinvigorating the Australian slot machine developer, including the recent appointment of former Novomatic executive Lawrence Levy as CEO.

“We are pleased to welcome Danny to his new position as Chairman of Ainsworth Game Technology following the AGM,” Levy said.

“This appointment provides us with a greater ability to utilise Danny’s vast industry experience and strong customer relationships. I look forward to working closely with him to drive future growth and profitability.

“We are also re-instating the role of Lead Independent Director. This recognizes the importance of governance and independence in ensuring the Board operates effectively.

“Graeme will provide leadership to the independent directors and advise the Board on matters where there may be an actual or perceived conflict of interest. We appreciate Graeme’s much-valued contribution to Ainsworth and we look forward to working with him in this role.”