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Scientific Games adds former Barclays Bank CEO to board


Scientific Games has appointed Tim Throsby, former chief executive of Barclays Bank, as an independent director and member of its board.

Throsby will sit on the Scientific Games board alongside eight other directors, the majority of whom are also independent.

He most recently served as chief executive of Barclays Bank and also president of Barclays International, where he designed and executed a restructuring effort to transform the performance and culture of the organisation.

Under Throsby’s leadership, Barclays Bank doubled its return on tangible equity (ROTE) over a $20bn (£15.53bn/€17.14bn) top line portfolio of businesses.

“Tim brings extraordinary financial and operational leadership experience; I’m confident Scientific Games will greatly benefit from his expertise as we continue to execute on our strategy to drive growth across our business and unlock value for our stakeholders,” Scientific Games executive chairman Jamie Odell said.

The appointment comes after Scientific Games this month confirmed it would bring in an additional independent non-executive director, in connection with its announcement that a number of long-term institutional investors had agreed to acquire a 34.9% stake in the business.

This focused around investor Ron Perelman selling a 34.9% stake in the supplier for more than $900m. Perelman’s MacAndrews & Forbes investment fund agreed sell the stake to investors including FTSE 250 member Caledonia Investments for $28.00 per share.

The deal also see two Aristocrat Leisure veterans join Scientific Games’ board, including Odell, Aristocrat’s chief executive from 2009 to 2017, becoming its executive chair.

“I look forward to working closely with Jamie, CEO Barry Cottle, the board and management team during this important time in the company’s evolution and supporting its efforts to deliver sustainable growth and shareholder value,” Throsby said.