LAS VEGAS, Nevada - (PRESS RELEASE) - Bally Technologies, Inc. (NYSE: BYI) announced today that Robert L. Guido has been appointed by the Company's Board of Directors to fill a vacancy on the Board. Guido, who has been affirmatively determined by the Company's Board of Directors to be an independent director, will also serve on the Company's Audit Committee.
Guido recently retired from Ernst & Young where he was Vice Chair and CEO of E&Y's Assurance and Advisory Practice. In this role, he was responsible for overall business strategy and had significant dealings with both the Securities and Exchange Commission (SEC) and the Public Company Accounting Oversight Board (PCAOB) on behalf of the firm. During his 38-year career at Ernst & Young, Guido also co-chaired the firm's Global Client Steering Committee and served as a senior advisory or engagement partner to numerous global companies.
"Bob will make an immediate contribution to our Company," said David Robbins, Chairman of the Board. "His years as a senior executive and partner with Ernst & Young establishing policy and serving large public companies will be invaluable to us. He has significant expertise in various SEC and PCAOB matters, and his appointment is an important next step as we strive to enhance the Company's internal control structure and financial reporting."
Richard Haddrill, Chief Executive Officer, added, "In addition to Bob's financial expertise, he has significant experience leading various units of Ernst & Young and advising a broad array of companies and businesses. I look forward to his contributions to our overall business direction and execution."
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