Casino gaming provider Everi has announced the retirement of E. Miles Kilburn, chairman of its board of directors, with chief executive Michael Rumbolz taking over the role.
Kilburn will not stand for re-election at Everi’s 2021 Annual Meeting of Stockholders on May 19 2021, which will be his last day as chairman.
Kilburn first became a board member in 2005 and began serving as chairman in 2008. He oversaw 11 acquisitions in the last 15 years, including that of Multimedia Games.
The board also named Ronald V. Congemi as lead independent director, effective immediately. Congemi has been a member of the board since 2013.
“Having served with distinction on the Board for 15 years including as Chairman since 2008, Miles has led our Board’s efforts to develop and adapt corporate governance practices that promote long-term value creation, transparency to stakeholders and accountability to our stockholders,” said Congemi.
“Since the Company’s IPO in 2005, Miles’ wisdom, experience and guidance has helped Everi develop and evolve into one of the most exciting growth companies in the gaming industry. On behalf of the Board and the entire organization I want to thank Miles for his long-time service to the Company and wish him continued success in the future.”
Everi has appointed chief executive officer Michael Rumbolz as chairman following Kilburn’s departure. Rumbolz has held a variety of roles with Everi since 2008, and was previously the chairman and chief executive officer of Cash Systems Inc. from 2005 to 2008.
“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,” said Kilburn.
“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.”