The current COO, Randy L. Taylor, will take over as the new CEO of the company. Taylor will also take on the role of Board of Directors. These new appointments will be effective from 1 April 2022.
One of Rumbolz’s achievements was to increase the company’s market capitalisation from $168m in February 2016 as Interim President and CEO, to approximately $2bn today.
Well respected in his management abilities, Ronald Congemi, Lead Independent Director of Everi, stated that: "The company's appreciation in market value, the significant growth we have achieved across our business and the culture of collaboration and innovation that exists at Everi today all directly reflect Mike's leadership.
"On behalf of our Board of Directors, we sincerely thank Mike for his nearly six years of outstanding service to the company as our CEO, and we are excited that we will continue to benefit from his experience, insights and guidance as Executive Chairman."
Taylor has spent more than ten years at Everi and is appreciated for his ability to take on additional leadership as well as operations responsibilities when needed.
Congemi continues: “We are very fortunate to have a talented executive in Randy who is capable of seamlessly stepping into the CEO role to continue to lead and advance the strong growth trajectory and momentum the company has established over the last several years," said Ronald Congemi.
Rumbolz is considered instrumental in creating the vision Everi now enjoys, and was vital in subsequently guiding the team through the various changes in order to achieve its goals.
