After weeks of speculation regarding who’d be appointed the new Chief Financial Officer of the Scientific Games Corporation, that information has finally been unveiled. PR Reps revealed that Michael Eklund would take on this position starting on June 1st. Responsibilities for Michael will include the Monthly Auditing of SGC, Financial Planning, and Capitalism Restructuring. This is an executive role that’s been left unattended for a prolonged period during the COVID-19 Pandemic.
Michael Eklund has notable experience engaging with Financial Operations. His career extends two decades, working with renowned corporations like Dell Computers. Michael managed multiple IT Service Teams and oversaw financial planning for various products. Joining Scientific Games marks the 1st time that Eklund will engage with the online betting space. He’ll take the position of Chief Financial Officer for SGC after working for Information Resources Incorporated as their CFO.
Eklund is joining the Scientific Games Company during a period where their business operations have been in flux. New products are slated to release before the third quarter, hoping to off-balances associated with the COVID-19 Pandemic. This follows after their profit margins in the 1st quarter dropped by $120 million.
It’s intelligent for SGC to implement new strategies against the novel coronavirus. Their approach was president to American Central Banks, which was approved & granted Scientific Games $150 Million in capital. Those funds will be strategized towards recovery efforts in Q3 and Q4 in 2020.
Gratitude Shown by Leaders
The Chief Executive Officer of the Scientific Games Company provided his thoughts on this acquisition. He noted that Michael Eklund had maintained a notable career over the last two decades, which includes four successful years with Information Resources Incorporation. Barry Cottle mentioned his excitement towards Michael revitalizing their financial services while lower the debt associated with SGC.
The Board of SGC Directors also provided their thanks towards Michael Eklund joining the team. They highlighted the extensive experience he has in leading large organizations, while also maintaining a passion for growing the financial capabilities of whatever company he’s working with. These directors believe that the business models brought over by Michael Eklund will enable their company to reach new heights.