US land-based and online sportsbook Affinity Gaming has announced that David Ross is to step down from his role as chief executive officer as part of what the company described as a ‘CEO Transition Plan’.
Ross, who will vacate the position on July 31, has also stepped down as a member of Affinity Gaming’s board of directors, effective February 7.
In response to Ross’s departure, the board has formed a search committee to appoint a successor when the chief executive role is vacated at the end of July.
Richard Parisi, chairman of the board and Thomas Benninger, director and chairman of the board’s compensation committee, will lead the search committee.
Upon the announcement, Ross said he was “proud” of what the company had achieved during his tenure.
“Over the last three years, we successfully emerged from bankruptcy and have repositioned the company for growth through several important strategic transactions,” he said.
“During my time at Affinity, we restructured our balance sheet, sold off non-core properties and have diversified our asset base from a largely Nevada-based casino and slot route operator into a well-capitalised and solidly positioned regional casino operator.”
Parisi also expressed his gratitude for Ross agreeing to remain at the firm until the end of July in order to help the Affinity find a replacement.
“His continued presence will enable us to find the right individual to lead the Company in its next phase of growth by building on the strong foundation David has helped to create,” Parisi said.
source : www.igamingbusiness.com
