Joe Wright, CEO of lottery industry giant Scientific Games, is retiring at the end of the year. He will be replaced by President and COO Mike Chambrello.
Wright has been on Scientific Games’ board of directors since 2004, and became CEO in January of this year after A. Lorne Weil stepped down from the post to become chairman of the company. Wright will remain on the board of directors.
Chambrello and new Vice Chairman David L. Kennedy have both joined the board of directors. Chambrello, Kennedy, Weil and CFO Jeffrey Lipkin will comprise the company’s new Office of the Chairman, which will provide advice and expertise to the company.