Ellis, currently serving as Accel’s Senior Vice President (SVP) of Corporate Strategy, will replace long-time CFO Brian Carroll, who announced his intention to retire last year.
In his new role, Ellis will report directly to Accel’s CEO, Andy Rubenstein. Carroll, meanwhile, has agreed to support Ellis during the transition, and will remain with Accel in an advisory capacity through 2023.
Rubenstein congratulated Ellis on his appointment as CFO, expressing his confidence in the executive, and bid Carroll a fond farewell.
“Mat deeply understands Accel’s business model and has showcased an impressive aptitude for advancing our uniquely competitive industry position while remaining focused on delivering value,” remarked Rubenstein.
“I am thrilled to welcome Mat into this new role and am confident that he is the right person to lead our finance organisation as we continue to build on our strong momentum and expand into new markets.
“I also want to thank Brian for his dedication and partnership over the last eight years and for the many contributions he made to Accel during his tenure.”
Ellis has served as Accel’s SVP of Corporate Strategy since 2019, and has overseen the company’s M&A strategy, capital raising, financial planning and analysis.
However, this has not been his first role with the company. From 2015 to 2017, he held the position of VP of Operational Strategy.
Commenting on his appointment as CFO, Ellis said: “I look forward to helping Accel further its growth trajectory and maintain its reputation as the leading gaming operator in the US while continuing to enhance shareholder returns.”
