Aruze Gaming America has announced the stepping down of its president, COA and CFO, Richard Pennington, effective from October 3, 2017.
Pennington will continue his association with Aruze as vice chairman of the board of directors and senior advisor to the CFO and CEO.
“I am extremely proud to have been a member of executive management at Aruze for the last seven years. I truly wish I could continue for another seven years, but my personal situation makes that impractical.” said Pennington.
With Pennington’s departure, Eric Persson will assume the responsibilities of president and has been added as a member of the board of directors. Persson has also been appointed to the position of chief operating officer.
Yugo Kinoshita, Aruze’s current COO and member of the board of directors, will relinquish his responsibilities as COO and focus on finance, accounting, treasury, and strategic planning as Aruze’s chief financial officer and chief strategic officer.
In addition to overseeing Aruze’s strategic planning process, Kinoshita will continue managing its manufacturing operations.
Pennington, Aruze’s former CFO stated, “Yugo is a great fit for this position; he is strategic, well educated, and a seasoned gaming executive.”
With these organizational changes, Robert Ziems, Aruze’s chief legal officer will continue with his current responsibilities reporting directly to both the board of directors and the CEO.
Ziems will assume the additional responsibilities of Corporate Secretary and become a member of the board of directors. Mr. Ziems stated, “I feel fortunate to join a Board with complementary skill sets and 80+ years of gaming experience.”
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