Both the positions of Chairman and chief executive officer at Scientific Games Corporation have been separated. David L. Kennedy, 66, will take on the role of Chief Executive Officer and Ronald O. Perelman has been named Chairman.
A. Lorne Weil held the combined position and has resigned for undisclosed reasons.
"We are fortunate to have someone of David's caliber step in and lead the Company at this important time. Having served on the Board for the last four years as Vice Chairman and as a member of the Executive and Finance Committee, and as an executive of Scientific Games from 2010 to 2012, David understands the business extremely well and is ideally qualified to work with the management team to further improve results, oversee the integration of WMS Industries, and work with the Board to facilitate an ongoing succession process," said Perelman. "The Board is confident that he and the Company's outstanding management team will accelerate business performance and continue to build a strong, profitable company."