Scientific Games Corp., which makes scratch-and-win tickets and computing infrastructure for lotteries, said Monday it is reinstating its chairman and former chief executive as CEO. The company said that at the request of its board of directors, Lorne Weil, its chairman, will step back into the CEO role he held from 1992 to 2008.
Michael Chambrello, the company's president and CEO, will move into a role as chief executive for the Asia-Pacific region. He will report to Weil, and focus on developing Scientific Games' business in China. David Kennedy, a vice chairman at the company, will take the newly created position of executive vice chairman. In after-hours trading following the personnel changes, Scientific Games shares gained 15 cents, or 2.2 percent, to $6.87. In the regular session, the stock fell 5 cents to $6.72.
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