Lawrence Levy will step down from the helm of Ainsworth with Harald Neumann taking up the role from October 1, subject to regulatory approval.
Meanwhile, Chief Financial Officer Mark Ludski will take on the role of interim CEO until then to ensure leadership continuity and oversee the company’s operations.
Chairman Danny Gladstone said: “We are fortunate to be able to appoint Harald as our new CEO.”
“As the former successful CEO of Novomatic AG, our major shareholder, and a director of Ainsworth Game Technology, he brings a wealth of knowledge and experience to the role with a thorough understanding of Ainsworth,” Mr Gladstone said.
“He will be able to seamlessly transition to the new position.”