Board of Directors
Our board of directors has nominated for election to the board at the special meeting Nicholas Hagen, Philip Russmeyer and John Vandemore, the Vitruvian designees, as well as (i) A. Lorne Weil, a current director, our current CEO and Chairman of the Board, (ii) Luke Alvarez, the current CEO of Inspired and prospective CEO of the Company following the Business Combination (iii) Ira Raphaelson, a Sponsors designee, and (iv) Roger Withers, a Sponsors designee, each to take office immediately upon the closing of the Business Combination (the “Director Election Proposal”). Messrs. Dannhauser, Miller, Shea and Stevens, who currently serve on our board, have submitted prospective resignations from their positions as directors, effective immediately upon the closing of the Business Combination. This proposal is conditioned upon the approval of Proposal 3, but is not conditioned upon the approval of the Business Combination Proposal. However, if the Business Combination Proposal is not approved, the proposed amendments to the Company’s existing charter, including Proposal 3, will not be implemented, the prospective resignations submitted by four of our current directors will not become effective, and the election of the seven directors will not take effect. The following sets forth information regarding each nominee.
A. Lorne Weil, 70, our Chairman and Chief Executive Officer since our inception, has been a principal of Hydra Management, an investment vehicle formed by Mr. Weil, since September 2014. Mr. Weil was Chairman of the Board of Scientific Games Corporation (and its predecessor Autotote Corporation) from October 1991 to November 2013. Mr. Weil also served as the Chief Executive Officer of Scientific Games Corporation (and its predecessor Autotote Corporation) from 1992 to 2008 and from November 2010 to November 2013 (Mr. Weil had retired in 2008) and as the President from August 1997 to June 2005. Under Mr. Weil’s stewardship, the company made a number of significant acquisitions and joint ventures, including the privatization of the off-track betting operations of the State of Connecticut, and the acquisitions of Scientific Games Holdings Corp., IGT Online Entertainment Systems, Global Draw and WMS Industries, and the privatization of the Illinois, New Jersey and Italian lotteries. A. Lorne Weil, 71, our Executive Chairman served as the Chief Executive Officer of Scientific Games Corporation (and its predecessor Autotote Corporation) from 1992 to 2008 and from November 2010 to November 2013 (Mr. Weil had retired in 2008) and as the President from August 1997 to June 2005. Under Mr. Weil’s stewardship, the company made a number of significant acquisitions and joint ventures, including the privatization of the off-track betting operations of the State of Connecticut, and the acquisitions of Scientific Games Holdings Corp., IGT Online Entertainment Systems, Global Draw and WMS Industries, and the privatization of the Illinois, New Jersey and Italian lotteries. Prior to joining Scientific Games, Mr. Weil was President of Lorne Weil, Inc., a firm he founded which provided strategic planning and corporate development services to technology-based industries, a role he maintained from 1979 to November 1992. From 1974 to 1979, Mr. Weil was Vice President — Corporate Development at General Instrument Corporation. From 1970 to 1974, Mr. Weil was a manager with the Boston Consulting Group. Mr. Weil received his undergraduate degree from the University of Toronto, an M.S. degree from the London School of Economics and an M.B.A. from Columbia University, where he served for more than 10 years on the Board of Overseers. From 2011 to 2013, Mr. Weil was a director of Avantair Inc. In 2012, Mr. Weil was the sponsor and Chairman of the Board of Andina Acquisition Corp., a NASDAQ-listed blank check company. Mr. Weil is currently the Non-Executive Chairman of the Board of the successor entity, Tecnoglass Inc. Mr. Weil is also a significant stockholder and former director of Sportech Plc, a United Kingdom-based sports betting company listed on the London Stock Exchange. We believe Mr. Weil is well-qualified to serve as a member of our board of directors due to his extensive business experience in strategic planning and corporate development, his experience successfully overseeing the IPO of Andina and its subsequent merger with Tecnoglass, the contacts he has fostered over the course of his extensive career, as well as his vast operational experience.
Chief Executive Officer of Inspired Gaming Group
Luke L. Alvarez, 48, is the founder and Chief Executive Officer of Inspired Gaming Group, a position he has occupied since the Company's inception in 2002. Prior to founding Inspired, Mr. Alvarez served as Chief Operating Officer of Emap Digital. Prior to Emap, Mr. Alvarez served as Head of Business Development of Boo.com. Previously, Mr. Alvarez held positions with The Boston Consulting Group and Comshare Inc. Mr. Alvarez has previously served as a Director of Leisure Link Holdings and The Cloud Networks Ltd. Mr. Alvarez holds undergraduate and master's degrees from Kings College Cambridge and was a visiting Fulbright Scholar at the University of California Berkeley. Based on his entrepreneurial, strategic and operational experience, we believe that Mr. Alvarez is qualified to serve as Chief Executive Officer and a Director of Inspired Entertainment Inc.
Chief Operating Officer of London House Exchange Ltd
Nicholas Hagen, 44, is the Chief Operating Officer of London House Exchange Ltd, trading as Property Partner (a private limited company). Property Partner is a residential property investment firm. He has held the role since February 2016. Prior to joining Property Partner, Mr. Hagen was the Sports Operations Director of Betfair Group PLC, a sports betting and gaming company, from 2011 to 2015. Prior to joining Betfair, between 2008- 2011 Mr. Hagen held a number of positions at GTECH G2, a subsidiary of Lottomatica Group, rising to Chief Operating Officer – Sports Betting. Mr. Hagen has also held positions with Gastro Gaming Company Ltd. and Sporting Index Group. Mr. Hagen holds a History of Art degree from the University of Manchester. Mr. Hagen has been selected to serve as a director due to his prior management experience and network of relationships in the sports betting and gaming industries.
Executive Vice President and Global General Counsel of Las Vegas Sands Corp.
Ira H. Raphaelson, 63, served as Executive Vice President and Global General Counsel of Las Vegas Sands Corp. from November 2011 and the Company's Secretary from January 2015 until August 2016. Mr. Raphaelson served as vice president and general counsel of Scientific Games Corp. from February 2006 until October 2011 and as its secretary from June 2006 until October 2011. Mr. Raphaelson was a partner in and helped manage the Washington D.C. office of the law firm of O'Melveny & Myers LLP for ten years and a partner in the Washington D.C. office of Shaw Pittman for three years. Prior to entering private practice, he was a state and federal prosecutor for 15 years, serving the last two years as a Presidentially appointed Special Counsel for Financial Institutions Crime. Mr. Raphaelson has been selected to serve as a director due to his prior legal experience and network of relationships in the sports betting and gaming industries.
Partner and member of the founding team at Vitruvian Partners
Philip-Moritz Russmeyer, 38, is a Partner and member of the founding team at Vitruvian Partners, an independent private equity firm that invests in high growth situations. Mr. Russmeyer played a leading role in Vitruvian's take private acquisition of Inspired Gaming Group plc in 2010 and has served as the appointed representative of a corporate director of the board of Inspired since that time. Mr. Russmeyer also currently serves as the appointed representative on the boards of CRF Health, a global provider of patient-centered eSource technology and service solutions, Healthcare at Home, a European provider of high acuity home healthcare services and Inenco Group, the strategic energy management services corporation. Mr. Russmeyer played a leading role in Vitruvian's acquisition of OpenBet in 2010 and served as an appointed representative on OpenBet's board through to the successful sale in 2016 to NYX Gaming. Prior to 2008, Mr. Russmeyer was with Goldman Sachs Capital Partners where he focused on investment opportunities across the business services, healthcare, media, retail and industrial sectors. Prior to 2004, Mr. Russmeyer was with Morgan Stanley where he worked in the energy & utilities, M&A and UK investment banking teams. Mr. Russmeyer also worked at UBS in investment banking, and at Royal Dutch Shell in corporate strategy. Mr. Russmeyer received his M.A. and B.A. (Hons) in Economics from Cambridge University, and an M.B.A. from Harvard Business School, where he was a Baker Scholar. We believe that Mr. Russmeyer is qualified to serve as a member of our board of directors due to his extensive relevant business experience and contacts, his expertise in strategic planning, and his deep knowledge of investing and corporate finance.
Executive Vice President, Divisional Chief Financial Officer of Mattel
John M. Vandemore, 43, has served as Executive Vice President, Divisional Chief Financial Officer of Mattel, a leading global toy manufacturer, since September 2015. Prior to that he served as Chief Financial Officer and Treasurer of International Game Technology from 2012 until 2015. Prior to that, from 2007 to 2012, Mr. Vandemore served as Vice President and Chief Financial Officer of Walt Disney Imagineering, a division of The Walt Disney Company, a global entertainment company. From 2005 to 2007, Mr. Vandemore served as Vice President and Director, Operations Planning & Analysis of The Walt Disney Company. Prior to 2005, Mr. Vandemore held various positions at AlixPartners, Goldman Sachs, and PricewaterhouseCoopers. Mr. Vandemore earned a Bachelor of Business Administration degree with a major in Accountancy from the University of Notre Dame and a Master of Business Administration degree from the J.L. Kellogg Graduate School of Management at Northwestern University. Mr. Vandemore has been selected to serve as a director due to his prior management experience and network of relationships in the gaming industry.
Non-Executive Chairman of Sportech Plc
Roger Dean Withers, 74, has been the Non-Executive Chairman of Sportech Plc since 2011. He also served as a Director of Sportech from 2001 until 2006. He has served as Non-Executive Chairman of SafeCharge International Group Ltd since 2015. Mr. Withers served as Non-Executive Chairman of Playtech Plc from 2006 until 2013 and as Non-Executive Chairman of Arena Leisure Plc from 2001 until 2006. Mr. Withers has held senior executive positions with Bass Plc and Ladbroke Plc and has also held positions with Booz Allan & Hamilton. Mr. Withers has been selected to serve as a director due to his prior management experience and network of relationships in the sports betting and gaming industries.