|[May 15, 2014]
Bally Technologies, Inc. Appoints Richard Haddrill Chief Executive Officer
LAS VEGAS --(Business Wire)--
Technologies, Inc. (NYSE: BYI) ("Bally" or the "Company"), a leader
in gaming machines, table game products, casino-management systems,
interactive applications, and networked and server-based systems for the
global gaming industry, today announced the appointment of Richard
"Dick" Haddrill as Chief Executive Officer ("CEO") of the Company,
effective May 23, 2014. Haddrill will continue serving as a member of
Bally's Board of Directors (the "Board"). Ramesh Srinivasan will no
longer serve as President and CEO and as a member of the Board.
Bally Technologies' (News - Alert) Chief Executive Officer Richard Haddrill (Photo: Business Wire)
Haddrill has served as a member of the Board since 2003 and Chairman of
the Board since 2012. Additionally, he was the Company's Chief Executive
Officer from 2004 to 2012. David Robbins, who has been serving as the
Board's Lead Independent Director, has been appointed Chairman of the
Board effective May 23, 2014. Robbins also served as Chairman from 1997
"The Board would like to thank Ramesh for his many years of service to
Bally and for his leadership in guiding the Company through the
acquisition and integration of SHFL entertainment, as well as his
exemplary execution in developing Bally's systems business," said
Robbins. "Dick's depth of knowledge about our Company and our industry
is unparalleled. As a result of his many years of being Bally's CEO, a
director and Chairman of the Board, as well as CEO of two other
successful public companies, we believe that he is uniquely qualified to
lead Bally through its next era of growth. We are confident that Dick,
together with our executive management team, will ensure a seamless
transition and execute our strategy of continuing to grow Bally into the
leading provider of technology based products and services to the global
"I believe that the opprtunities we have ahead of us in the coming
months are truly exceptional," Haddrill said. "I am very excited to
return to the leadership of Bally and to begin focusing on our many
worldwide growth strategies."
"I am very proud of our wonderful team and what we have accomplished
together during the past nine years at Bally," Srinivasan said.�"I am
confident that the Company is extremely well positioned to build on some
The Board additionally announced the appointment of Michael A. Klayko as
a Class II member of the Board of Directors, effective July 1, 2014.
Klayko served as the Chief Executive Officer of Brocade (News - Alert) Communications
Systems, Inc. from 2005 to 2013, a developer and manufacturer of
networking products and solutions headquartered in San Jose, Calif.
Klayko's experience includes leadership roles with other technology
companies, including President and CEO of Rhapsody Networks from 2001 to
2003, a developer of routers for storage-area networks. In addition, he
has worked in various management and executive roles for EMC (News - Alert), Hewlett
Packard, and IBM.
"We believe that Klayko's significant experience in technology
leadership will bring a distinct and valuable perspective to the Board,"
Robbins said. "I look forward to working with him as we move forward in
this next phase of leadership of Bally."
To view a special message from new CEO Richard Haddrill, please click
Bally Technologies, Inc.
Founded in 1932, Bally Technologies (NYSE: BYI) provides the global
gaming industry with innovative games, table game products, systems,
mobile, and iGaming solutions that drive revenue and provide operating
efficiencies for gaming operators. For more information, please visit http://www.ballytech.com.
Connect with Bally on Facebook,
Cautionary Note Regarding Forward-Looking
This press release contains forward-looking statements within the
"safe harbor" provisions of the Private Securities Litigation Reform Act
of 1995. All statements included in this press release, other than
statements that are purely historical, are forward-looking statements.
Words such as "going forward," "believes," "intends," "expects,"
"forecasts," "anticipate," "plan," "seek," "estimate" and similar
expressions also identify forward-looking statements.
- BALLY TECHNOLOGIES, INC. -
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