Everi Chairman Retires, CEO Mike Rumbolz Appointed New Chairman
April 7, 2021
Miles Kilburn, chairman of gaming equipment developer Everi Holdings, will retire in May and be replaced by current CEO Mike Rumbolz.
Kilburn has been a member of the company’s board since 2005 and chairman since 2008 but will not stand for re-election in May.
He said: “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. Everi has strong business momentum and its financial recovery from the impact of the COVID-19 pandemic is well underway with significant opportunities for growth ahead of it. 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. With my business interests expanding and taking more of my time, and continuity of the company’s stewardship in place, it’s a fitting time to retire and provide an opportunity for someone to bring new insights to the Board.”
During Kilburn's time as chairman, he led the company’s emergence in gaming equipment, systems, and products; financial technology; and player loyalty programs. Everi completed 11 company acquisitions and also grew organically during Kilburn’s time as chairman, the most significant merger being the US$1.2 billion purchase of slot machine developer Multimedia Games in 2014.
His replacement, Rumbolz, has been Everi’s CEO since 2016 and a member of the company’s board since 2010. From May 20, he will hold both the chairmanship and CEO positions. Last March, he had agreed to extend his contract through March 2022 to focus on Everi’s long-term growth initiatives.
“I believe Everi is in the early innings of our growth trajectory, and I look forward to being a part of that continuing journey,” Rumbolz said in a statement.
Rumbolz has a long history in the gaming industry, including serving as chairman of the Nevada Gaming Control Board from 1985 to 1988. His other significant previous roles also include being president of Casino Windsor at the time of its construction and opening in Windsor, Ont. He is currently a board member for Seminole Hard Rock Entertainment and VICI Properties.
“I’ve had a deep and ongoing commitment to the success of Everi,” Rumbolz said. “Over the last several years, we’ve established a deep bench of experienced and talented leadership and an employee workforce that is second-to-none in my opinion.”
Last March, Everi named Randy Taylor as president and chief operating officer in a move Kilburn said would “fortify” short-term and long-term strategic efforts.
Everi has also announced that Ronald Congemi, a board member since 2013, will become lead independent director. A long-time executive in the financial transaction industry, Congemi works in many roles including as a consultant to the Acxsys Corporation of Canada, the operating arm of the Interac debit network of Canada.