Gaming content and payment solutions provider Everi Holdings has announced that its board has voted to remove Ram Chary from his positions as president and chief executive, with Michael Rumbolz to assume both roles on an interim basis.
Chary was relieved of his duties on February 13, with Rumbolz having stepped in on a temporary basis while the company seeks a permanent replacement. No reason was given for Chary’s departure.
Everi’s board has formed a search committee to support the recruitment process, with the company to consider both internal and external candidates.
“Our search committee is working diligently to identify a qualified successor for the role of permanent CEO, and during the interim I will work directly with our talented executive team to ensure there are no disruptions to our daily business operations,” said Rumbolz, who has been an Everi board member since August 2010.
“I will continue to execute the existing corporate strategy in our games and payments businesses for the gaming industry, and given the strength of our offerings and the market opportunities available to us, I feel confident about our long-term potential to drive growth and shareholder value.”