Inspired Entertainment, Inc. (Inspired or the company) recemt;u announced that, effective immediately, the company has formed the Office of the Executive Chairman, which will consist of Executive Chairman Lorne Weil; President and Chief Operating Officer Brooks Pierce; Executive Vice President and Chief Strategy Officer Daniel Silvers; and Executive Vice President and Chief Financial Officer Stewart Baker. The Office of the Executive Chairman will execute the day-to-day management of the company.
In connection with the formation of the Office of the Executive Chairman, Brooks Pierce has been named the company's president and COO. Pierce recently joined the company as senior vice president, North America. He has over 25 years of experience in the gaming industry. He joins established company executives Weil, Silvers and Baker in the new Office of Executive Chairman. Also in connection with the formation of the Office of the Executive Chairman, the company's CFO, Stewart Baker, has been promoted to the position of executive vice president and CFO.
The company also announced that Luke Alvarez, president and CEO, is departing the Inspired group, under terms being finalized. Executive Chairman Lorne Weil said, "I am grateful to Luke for his leadership of Inspired since its founding and during its rapid growth in its inaugural year and a half as a public company. We will miss him, and we wish him every success". The Inspired board adds its thanks and best wishes. Alvarez's previous responsibilities will be divided among the members of the Office of the Executive Chairman.