Haddrill replaces Ramesh Srinivasan, who formerly served as Bally’s president, CEO and member of the board.
David Robbins, who has been serving as the board’s lead independent director, will replace Haddrill as Bally’s chairman of the board. Robbins also served as chairman from 1997 to 2010.
“The Board would like to thank Ramesh for his many years of service to Bally and for his leadership in guiding the company through the acquisition and integration of SHFL entertainment, as well as his exemplary execution in developing Bally’s systems business,” said Robbins in a prepared statement. “Dick’s depth of knowledge about our company and our industry is unparalleled. As a result of his many years of being Bally’s CEO, a director and chairman of the board, as well as CEO of two other successful public companies, we believe that he is uniquely qualified to lead Bally through its next era of growth. We are confident that Dick, together with our executive management team, will ensure a seamless transition and execute our strategy of continuing to grow Bally into the leading provider of technology-based products and services to the global gaming industry.”
“I believe that the opportunities we have ahead of us in the coming months are truly exceptional,” Haddrill said. “I am very excited to return to the leadership of Bally and to begin focusing on our many worldwide growth strategies.”
“I am very proud of our wonderful team and what we have accomplished together during the past nine years at Bally,” Srinivasan said. “I am confident that that the company is extremely well positioned to build on some fantastic opportunities.”
The board additionally announced the appointment of Michael A. Klayko as a Class II member of the board of directors, effective July 1, 2014. Klayko served as the CEO of Brocade Communications Systems from 2005 to 2013, a developer and manufacturer of networking products and solutions headquartered in San Jose, Calif.
“We believe that Klayko’s significant experience in technology leadership will bring a distinct and valuable perspective to the board,” Robbins said. “I look forward to working with him as we move forward in this next phase of leadership of Bally.”