Ainsworth Game Technology CEO resigns
Lawrence Levy steps down from hot seat after two years and is set to be replaced by company director Harald Neumann
Ainsworth Game Technology (AGT) boss Lawrence Levy is set to resign as CEO of the Australian B2B supplier due to personal reasons.
Levy will step down from his role on 10 September having served as CEO since June 2019.
Levy will be replaced by Ainsworth non-executive director Harald Neumann, who will assume the CEO position on 1 October.
Ainsworth noted Neumann’s appointment would be subject to regulatory approvals and the completion of contractual terms, with the group stating Neumann’s remuneration package is expected to be similar to that of Levy’s.
Ainsworth CFO Mark Ludski will serve as interim CEO until Neumann officially takes over.
Danny Gladstone, Ainsworth chair, said: “On behalf of the board, we thank Lawrence for his contribution through challenging times. Lawrence has decided to resign for personal reasons and we wish him well.
“We are fortunate to be able to appoint Harald as our new CEO. 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 AGT.
“He will be able to seamlessly transition to the new position,” he added.