Released by Accel Entertainment today, Mathew Ellis has been appointed as the Chief Financial Officer of the company. Mr.Ellis will assume the role on May 1, 2022, succeeding Brian Carroll who intends to retire.
Reporting directly to the CEO of Accel Entertainment, Andy Rubenstein, Carroll intends to work with Ellis to ensure an easy transition. Carroll will also remain with Accel in an advisory capacity until the end of 2023.
Accel Entertainment CEO Andy Rubenstein said: "Accel’s financial strength and strong balance sheet are true differentiators for our company and are critical to the success of Accel and our ability to continue growing the business while returning capital to our shareholders."
Rubenstein continued: "Since joining Accel, Mat has played a pivotal role in setting the strategic direction and financial vision of our company and serving as the key liaison with our investor community. Mat deeply understands Accel’s business model and has showcased an impressive aptitude for advancing our uniquely competitive industry position while remaining focused on delivering value."
Ellis noted his excitement about the new role saying: "I am honored to assume this important role at such a dynamic time for Accel. It has been a privilege to work alongside Andy, Brian and the rest of the Accel executive team for the past several years, during which time I have seen firsthand the strength of the business and our ability to successfully capitalize on unique expansion opportunities."
In his previous position as Senior Vice President of Corporate Strategy for Accel, Ellis oversaw the company’s M&A strategy, capital raising, financial planning and analysis, and investor relations functions.
Before his time with Accel, Ellis served as Vice President of Financial Planning and Analysis for Transworld Systems Inc.
In closing, Ellis said: " I look forward to helping Accel further its growth trajectory and maintain its reputation as the leading gaming operator in the U.S. while continuing to enhance shareholder returns."
