Bally announces leadership transition

U.S.-based gaming supplier Bally Technologies Inc announced yesterday that Ramesh Srinivasan (pictured) will become president and chief executive officer effective December 31. Current chief executive officer Richard M. Haddrill will become chairman of the board. Bally is present in Macau with an office, where its Asia-Pacific operations are headquartered. “I am honoured to be the next president and chief executive officer of Bally at such an exciting time in our Company’s 80-year history,” Mr Srinivasan, currently Bally’s president and chief operating officer, said. “We are on a very good track for the coming years. I am very enthusiastic about the many opportunities I see to serve existing customers, expand our customer base, continue to provide growth opportunities for our people and increase shareholder value.” Kevin Verner, current chairman said: “The board of directors is very pleased with the direction of the company and our succession planning process.”