Gladstone steps down as Ainsworth CEO, to stay with company

Ainsworth Game Technology said Danny Gladstone has chosen to give up his role as CEO, but will remain with the company in another capacity.

Gladstone will finish as CEO on June 30th next year and Ainsworth is searching for a new executive, the supplier said in a statement to the Australian Stock Exchange.

Following an appointment of a new CEO, Mr Gladstone will continue with AGT in a different role to utilise his extensive industry experience and expertise, it said.

“While there will be a more appropriate time to formally thank Danny, I would like to state that he has been an excellent CEO for AGT,” said Chairman Graeme Campbell. “ He has successfully driven significant international expansion and growth in recurring revenues. Ainsworth is much stronger for Danny’s contribution. We are delighted he will continue to assist us in the future.”

Gladstone became CEO in 2007 and was inducted to the Club Managers Association Australia Hall of Fame in 2000. In 2013, he was named CEO of the year by Boss Magazine in Australia.