Move follows recommendation from Nevada Gaming Control Board to withdraw licence application
Ainsworth Game Technology has announced that Harald Neumann has resigned from the role as CEO, with immediate effect. The Board acknowledges Mr Neumann’s contribution during his tenure as the company’s CEO.
Last week, a meeting before the Nevada Gaming Control Board (NGCB) recommended that Mr Neumann withdraw his application for a gaming licence. Ainsworth’s Chairman, Danny Gladstone, said, then: “The Board is undertaking a review of Mr Neumann’s role following the outcome of the NGCB’s meeting and will provide further details to the market once this review is completed”.
A comprehensive search process is to be undertaken for a permanent CEO, with both external and internal candidates being considered. In the interim, Ryan Comstock, the Chief Operating Officer of Ainsworth, who is currently based in Las Vegas, has accepted the role as acting CEO effective immediately.
Mr Comstock joined Ainsworth in 2012 and was promoted to Chief Operating Officer in 2018. Mr Comstock has held various global positions focused on finance, manufacturing, hardware and software development, compliance, information technology, and operations. Prior to joining Ainsworth, Mr Comstock spent nearly a decade within Deloitte’s audit and assurance practice where he served Gaming, Manufacturing and Technology Companies. Mr Comstock is a graduate of the University of Nevada, Reno where he attained degrees in Accounting and Computer Information Systems. He is a Certified Public Accountant, member of the Nevada State Board of Accountancy, member of the American Institute of CPAs, and Chair of the Board of the Association of Gaming Equipment Manufacturers.
Mr Comstock’s remuneration will remain unchanged, at the present time, with an expeditious review to be undertaken to agree any new compensation arrangements for the additional responsibilities under this interim role. In accordance with ASX Listing Rule 3.16.4, a summary of the material terms of Mr Comstock’s current employment arrangements are as detailed in the company’s Annual Report for the year ended 31 December 2024. Following the review, it is expected that any new remuneration arrangements agreed, will be detailed in an ASX release.
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Move follows recommendation from Nevada Gaming Control Board to withdraw licence application Ainsworth Game Technology has announced that Harald Neumann has resigned from the role as CEO, with immediate effect. The Board acknowledges Mr Neumann’s contribution during his tenure as the company’s CEO. Last week, a meeting before the Nevada Gaming Control Board (NGCB) recommended…
The post Ainsworth confirms resignation of Harald Neumann as Chief Executive Officer appeared first on G3 Newswire.