Scientific Games Corporation (NASDAQ: SGMS) announced Tuesday that Doug Albregts (pictured), former Chief Executive Officer and President of Sharp Electronics Corporation, will be joining the Las Vegas-based company as the EVP and Group CEO of the Gaming Division.
Fifty-year-old Albregts served as CEO and president of Sharp Electronics Corporation since October 13, 2016, where he was reportedly tasked with leading the $6 billion Americas operating unit encompassing consumer products, display devices, home appliances, business/office products, energy storage and the management of upwards of 2,000 employees, according to the press release (pdf).
Additionally, Albregts served as the President and CEO of Sharp Imaging and Information Company of America (SIICA) and has also held top-level management positions where the focus was on the growth of multinational digital firms such as NEC, American Express and Samsung.
In his new role at Scientific Games Corporation, Albregts will reportedly oversee the company’s product development and production, as well as supply chain and sales of the firm’s Gaming services, systems and products.
Effective June 4, 2018, Mike Marusic replaces Albregts as President and CEO of SIICA. Albregts replaces Derick Mooberry, who will reportedly remain at Scientific Games as EVP for Strategic Products.
Commenting on the appointment, incoming company CEO and current SG Interactive CEO, Barry Cottle, said, “Given Scientific Games’ diverse range of industry leading products and services, we are very excited that we will be bringing Doug’s deep experience managing a wide range of high-tech businesses and driving innovation across product lines to lead the gaming division. Doug’s proven success at top-notch global technology companies will help us lead the industry in innovation and enable us to execute our growth strategies.”
Cottle also acknowledged Derik Mooberry for his service and said the company looks forward to continuing working with him.
For his part, Albrets said, “I am excited to join Scientific Games as Barry Cottle becomes the new CEO and all SG is poised to continue to lead the industry. My passion for driving innovation, promoting operational excellence and executive leadership skills, and experience developing cutting-edge commercial technology will enable me to hit the ground running, executing our growth strategies and continuing our momentum as a Company. I look forward to meeting our customers, understanding players’ needs, expanding in new and growing markets and driving growth for our customers and shareholders.”