GGB is committed to providing updated news and analysis on our weekly news site,

Executive Shuffle at Scientific Games

Executive Shuffle at Scientific Games

Scientific Games Corporation last month announced some changes to its executive team. Kevin M. Sheehan, former chief executive officer and president of Norwegian Cruise Line, has joined Scientific Games as the company’s new president and CEO. Additionally, he will serve on the company’s board of directors.

Current Scientific Games President and CEO Gavin Isaacs will become vice chairman of the board of directors. Sheehan and Isaacs assumed their new roles immediately.

“Today, we are one company with three strong businesses—gaming, lottery and interactive,” said Isaacs. “Our integration is behind us and our business strategies are delivering solid results. With our momentum building, I’m moving from an operational leadership position to a more strategic role, vice chairman of the board of directors.

“On behalf of my colleagues and the board, we welcome our new CEO and president, Kevin Sheehan. This is the right time to grow our leadership team and have someone of Kevin’s talent, experience and financial acumen take us to the next phase of growth and innovation.”

Sheehan served as president and CEO of Norwegian Cruise Line for seven years, and led the development and expansion of the company, presiding over strong sales and EBITDA growth and the company’s initial public offering, one of the most successful IPOs in 2013. He broadened the company’s reach with new classes of ships, including luxury cruising, and led the company to industry-leading profitably, which strategically positioned the company for continued long-term growth.

Sheehan oversaw major initiatives including vastly improving on-board service and amenities across the fleet, expanding the line’s European presence, repositioning two of the line’s Hawaii-based ships to create a profitable business model, revitalizing top management with a combination of cruise industry and outside expertise, and using his 30-year background in the business world to help Norwegian post a sharp turnaround in profitability in the midst of a tough economic climate.

“This is an exciting time to join Scientific Games,” said Sheehan. “Scientific Games is the worldwide leader in gaming, lottery and interactive innovation, and I look forward to building on that momentum to drive continued growth across the company. Scientific Games offers an unrivaled comprehensive suite of products and services for our customers around the world, and is well-positioned to continue to grow.”

“I am so pleased to welcome Kevin to Scientific Games,” added Scientific Games Chairman Ronald O. Perelman, “and that Gavin will continue with the company in his new role. With the company fully integrated, it is the right time to expand our leadership team so we can take full advantage of the new and growing opportunities open to a company with our global scale and broad expertise. Kevin’s intellect and experience will be an invaluable asset as we move forward as one company.”