Everi Holdings Announces New Executive Leadership Roles to Support Further Growth

Randy Taylor Promoted to President and Chief Operating Officer

Mark Labay Appointed Executive Vice President and Chief Financial Officer

David Lucchese Named Executive Vice President, Sales, Marketing and Digital, Following Retirement of Edward Peters

CEO Michael Rumbolz Extends Employment Term Through March 2022

LAS VEGAS, March 09, 2020 (GLOBE NEWSWIRE) -- Everi Holdings Inc. (NYSE: EVRI) (“Everi” or the “Company”), the gaming industry’s premier single-source provider of gaming products, financial technology and loyalty solutions, announced today that Randy L. Taylor has been promoted to the newly created position of President and Chief Operating Officer and Mark F. Labay has been appointed to succeed Mr. Taylor as Executive Vice President, Chief Financial Officer and Treasurer. In addition, David J. Lucchese will assume the role of Executive Vice President, Sales, Marketing and Digital, succeeding Edward A. Peters who informed the Company of his plans to retire following a distinguished 37-year professional career. The appointments are effective as of April 1, 2020.

The Company also announced that the Company’s Board of Directors has extended Mr. Rumbolz’ employment agreement as Chief Executive Officer for an additional 14 months through March 31, 2022. In conjunction with the announced executive leadership changes, Mr. Rumbolz will shift his primary focus towards Everi’s long-term strategic growth initiatives, including support for the Company’s ongoing growth plans, its organizational development, corporate culture and technological innovation.

“These changes to the executive management team fortify our leadership capabilities and are the result of our organizational development and succession planning initiatives,” said E. Miles Kilburn, Chairman of the Board of Everi. “The appointments recognize the significant contributions Randy, Mark and Dave have made to Everi’s success, their broad expertise, and their ability to successfully execute on new opportunities and to resolve challenges effectively and efficiently. Under Mike’s leadership, Everi has distinguished itself in recent years with its success and strong operating performance, while creating and fostering a culture that emphasizes innovation and collaboration, elements that have become an integral foundation of our growth. These leadership changes will help facilitate our ongoing performance momentum and success in delivering future profitable growth.”