The move will allow Ainsworth Game to retain Mr Gladstone’s experience and expertise concerning the industry.
The announcement quoted Ainsworth Game chairman Graeme Campbell as saying Gladstone had driven the international growth of the company and its revenue. “Ainsworth is much stronger for Danny’s contribution,” Campbell said. “We are delighted he will continue to assist us in the future.”
“A thorough and extensive search process will be undertaken to secure a new CEO who can lead AGT to the next stages of growth and profitability,” Campbell concluded.
Ainsworth Game reported last month net profit of US$23.3 million in its financial year ended June 30. The result was 15.8% less than the previous year. The company said sales were higher in its financial second half than in its financial first half.
The recent performance of Ainsworth Game helped its new owner, Novomatic AG of Austria, increase its earnings before interest, tax, depreciation and amortisation in the first half of this year to US$370.9 million, 12.6% more than a year earlier.
Source: GMB
