Michael Eklund was announced as Scientific Games Corporation’s new CFO effective June 1, 2020, replacing the existing incumbent Michael Quartieri who will remain with the organisation for the remainder of this year.
Eklund spent more than 20 years in both financial and operational positions at Dell Technologies, including overseeing the value development and integration process for the $67bn Dell-EMC merger and acting as Chief Financial Officer of Dell’s $40bn-plus Business Unit for Customer Solutions and Global Operations.
In appreciation of the outgoing CFO ‘s efforts, CEO Barry Cottle noted: “Mike Quartieri has done an outstanding job over the last four years building a world class financial team, revitalising our financial management and refinancing our debt. The Board of Directors and I are very grateful for Mike’s constant dedication to the success of the Company and its people.
“Mike now wants to move to a new industry with new challenges after many years in the gaming business. He wanted to leave earlier this year but, after the COVID-19 pandemic hit, Mike agreed to stay to help the company with that crisis.
“Mike has led our efforts to reduce our cash burn while preserving key operations, developing plans to manage through the pandemic, preparing to be an even stronger competitor as we emerge from the crisis and working with our lenders to get our credit agreement amended to provide covenant relief. With those key steps taken, we are now ready to proceed with the transition to a new CFO.”
Cottle added on the incoming Eklund: “We are very fortunate to have Mike Eklund join us starting on June 1. He has a wealth of experience in financial and operational leadership and a passion for aligning all aspects of a company’s finance and operations with its core business model that positions him well to build on Mike Quartieri’s legacy.”