The Board of Directors of Everi Holdings Inc. announced that CEO Michael D. Rumbolz will be appointed Executive Chairman of the Board and that current COO Randy L. Taylor will succeed Rumbolz as CEO.
Taylor first joined Everi in November 2011 and has since served in various roles. He had been Executive Vice President, Chief Financial Officer and Treasurer since 2014 and then served as President and Chief Operating Officer since April 2020.
"I am honored by the trust the board has shown me and excited by the substantial opportunities we have to grow Everi in the years ahead," said Taylor. "Mike has had a tremendous influence on building Everi, and I have greatly appreciated the opportunity to work closely with him. With our core, recurring-revenue businesses continuing to grow strongly and early-phase growth ventures like iGaming and our cashless wallet technology set to be meaningful contributors in the future, Everi is favorably positioned for near and long-term growth and continued success."
Rumbolz had been a board member since 2010 and had been Everi’s Interim President and Chief Executive Officer from February 2016 to May 2016. From then to April 2020, Rumbolz was CEO.
"It has been an honor to serve as Everi's CEO, working with the finest team in the industry for nearly six years. I believe the Company's best years are still ahead and I look forward to all of Everi's future successes,” Rumbolz said. “I am confident that under the continuity of the Company's leadership highlighted by Randy assuming the CEO role and with our great team, that Everi will continue to drive our existing business momentum and will continue to grow shareholder value."
Ronald Congemi, Lead Independent Director of Everi, praised both Rumbolz and Taylor and said that he looks forward to the upcoming changes.
"The company's appreciation in market value, the significant growth we have achieved across our business and the culture of collaboration and innovation that exists at Everi today all directly reflect Mike's leadership,” said Congemi.
"During his more than ten years at Everi, Randy Taylor has consistently assumed additional leadership and operations responsibilities. We are very fortunate to have a talented executive in Randy who is capable of seamlessly stepping into the CEO role to continue to lead and advance the strong growth trajectory and momentum the Company has established over the last several years.”