Everi Holdings Inc. announced that its board of directors has extended the employment agreement of President and Chief Executive Officer Michael Rumbolz for an additional two years through January 31, 2021. The extension supersedes Rumbolz’s prior employment term, which was to conclude in May 2019.
Since his appointment as interim president and CEO in February 2016, and subsequently as president and CEO beginning May 2016, Rumbolz has overseen the implementation of a series of strategic operating initiatives that have resulted to date in nine consecutive quarters of year-over-year revenue and adjusted EBITDA growth, a return to profitability for the company, and a significantly improved capital structure.
In addition, the company announced Darren Simmons’ promotion to the position of executive vice president and FinTech business leader, where he will continue to lead Everi’s FinTech operations.
Simmons served as Everi’s interim FinTech business leader during 2018, and under his leadership, the business segment is poised to achieve record operating performance for fiscal 2018. Simmons is responsible for managing the profitability of Everi’s FinTech business and continues to lead product management, product innovation, operations and sales support.