Gaming and amusement industry services firm Suzo-Happ Group announced on Thursday the promotion of James Brendel (pictured) to chairman of the board with immediate effect.
Mr Brendel will relinquish his day-to-day responsibilities as president and chief executive, the U.S.-based company said.
“This new role allows me to focus exclusively on the strategic leadership and direction of Suzo-Happ, while allowing the strong executive team that we have put into place to further the company’s operational capabilities,” Mr Brendel said in a statement.
Suzo-Happ supplies services and components, consumables and hardware products to the gaming and amusement industries, among other sectors. The product lines offered by the company include currency handling equipment, display technology, control devices and machine operation components.
The firm in 2013 acquired Australia’s Transcity Group Pty Ltd. The Transcity unit has facilities in Macau, Philippines and Cambodia and specialises in servicing and supporting technology used in the gaming industry. Its offer includes repair services, and the sale and supply of gaming devices and spare parts.
Suzo-Happ is owned by affiliates of ACON Investments LLC, a U.S.-based private equity investment firm.
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Analyst at Roth Capital Partners