Scientic Games Titles Doug Albregts new EVP and Gambling Division Group CEO

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 because October 13, 2016, in which he was reportedly tasked with directing 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 also has held top-level management positions in which the attention was on the growth of multinational digital companies such as NEC, American Express and Samsung.

In his new job at Scientific Games Corporation, Albregts will allegedly oversee the organization’s product development and production, in addition to supply chain and sales of the company’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, stated, “Given Scientific Games’ varied selection of industry leading products and services, we’re very excited that we will be bringing Doug’s profound experience handling a wide selection of high-tech businesses and driving innovation across product lines to lead the gaming division. Doug’s demonstrated success at elite global technology businesses will help us lead the industry in innovation and allow us to implement our growth strategies. ”

Cottle also acknowledged Derik Mooberry for his support and said the company looks forward to continuing working together.

For his role, Albrets stated, “I’m excited to join Scientific Games as Barry Cottle becomes the new CEO and SG is poised to continue to lead the industry. My passion for driving innovation, promoting operational excellence and executive leadership abilities, and experience creating cutting-edge commercial technology will enable me to hit the floor running, implementing our growth strategies and continuing our momentum as a Company. I anticipate meeting our clients, understanding players’ wants, expanding in new and growing markets and driving growth for our clients and shareholders. ”