FOR IMMEDIATE RELEASE
Ainsworth Names Harald Neumann as Chief Executive Officer
Former CEO Lawrence Levy stepping down due to personal reasons
LAS VEGAS (September 8, 2021) – Ainsworth Game Technology (AX: AGI) announced today that Mr. Harald Neumann will be appointed as new Chief Executive Officer (CEO) on October 1, subject to regulatory approvals and the completion of contractual details.
He has served on Ainsworth’s Board of Directors in a non-executive capacity since 2017 and will continue in that role in an executive capacity.
Mr. Lawrence Levy will be stepping down as CEO, effective September 10. Mr. Levy announced that this difficult decision was made for personal reasons.
“We are fortunate to be able to appoint Harald as our new CEO,” said Ainsworth Chairman Danny Gladstone. “As the former successful CEO of Novomatic AG, our major shareholder, and a director of AGT, he brings a wealth of knowledge and experience to the role with a thorough understanding of Ainsworth.”
Mr. Neumann will be based in Ainsworth’s North American headquarters in Las Vegas, where he will be focused on driving growth in the Company’s largest market.
Chief Financial Officer Mark Ludski will serve as Interim Chief Executive Officer prior to Mr. Neumann starting in the position.
Mr. Gladstone said: “On behalf of the Board of Directors, we thank Lawrence for his contribution through challenging times and we wish him well.”