Miles Kilburn to retire from Everi’s Board; CEO Michael Rumbolz named replacement
Everi Holdings has announced longtime Chairman of the Board of Directors E. Miles Kilburn will not stand for reelection at the company’s Annual Meeting of Stockholders.
The board has appointed CEO Michael Rumbolz to become Chairman upon Kilburn’s retirement on the meeting’s date, May 19, 2021. Rumbolz will jointed serve his roles as Chairman and CEO.
He has served as CEO of Las Vegas-based Everi since February 2016.
Ronald Congemi, a board member for the last eight years, was also appointed as Lead Independent Director, effective immediately.
The company said, “The Board intends to review the opportunity to fill the open director position created by Mr. Kilburn’s retirement through the addition of a new director that would continue to advance the gender, cultural and professional diversity of its current composition and that would bring additional gaming, financial technology, digital and leadership experience to the Board.”
Everi has already identified preferred candidates, while additional qualified candidates will continue to receive consideration.
Miles Kilburn has served as Chairman since 2008 and has been a board member since 2005.
He said, “I have enjoyed my long association with Everi, and take great satisfaction in the Company’s evolution into a leading supplier of gaming and financial service solutions to the gaming industry. Everi has strong business momentum and its financial recovery from the impact of the COVID-19 pandemic is well underway with significant opportunities for growth ahead of it.
“With Mike as Chairman and an exceptional leadership team in place who continue to develop and execute on Everi’s growth initiatives, the Company will continue to benefit from a strong foundation.”
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