Chibib has been an independent board member, chair of the audit committee and member of the compensation committee at PlayAGS for the past five years and will now take on the new position.
He replaces David Sambur, who recently stepped down from the board after serving as its chairman for the past five years.
Chibib is currently chief financial officer of Self Financial, while he also spent time as general partner at Silverton Partners, president and CFO of Multimedia Games and CFO of NetSpend Corporation.
He also held the position of CFO at TippingPoint, Waveset, BroadJump and Tivoli Software earlier in his career.
“Over the past five years, I have gained a great deal of respect for my fellow board members and the company’s executive leadership team. I look forward to leveraging my previous experience in gaming and other industries to help guide AGS to the next level,” Chibib said.
PlayAGS president, chief executive and board member, David Lopez, added: “We are excited to welcome Adam as our new board chairman. He is an incredibly well-respected leader within the gaming industry, and his depth of experience has been invaluable to AGS throughout his years of service.
“Adam’s guidance and leadership from day one of the company’s initial public offering has played a critical role in shaping who we are as a company today. I look forward to continue working with him in his new role.
“On behalf of my fellow board members, I would like to thank David Sambur for his guidance and insights as chairman of the board and for his nine years of leadership at AGS.”
The appointment comes after PlayAGS last week signed an agreement that will see it supply its range of online games and content to Caesars Entertainment’s Sportsbook and Casino division in New Jersey and Pennsylvania.