Shuffle Master welcomes new board member

Mark L. Yoseloff, Ph.D., Chief Executive Officer, welcomed Philibbosian, saying, "In the current economic climate, the depth of the Board becomes even more important. We are pleased that Chris has agreed to join our Board and we look forward to benefiting from his insight and experience." Yoseloff added, "He is a highly respected business leader who will bring a valuable perspective to Shuffle Master and further complement an already strong board."

Philibbosian is President of SAAK Management, an advisory firm focused on assisting stockholders and CEOs of privately held firms in managing and growing their businesses. The firm’s primary focus is to advise clients in the areas of strategic planning, oversight of senior management, capital transactions and entity level financial risk management.

Prior to forming SAAK Management, he served as President and Chief Operating Officer of The Greenspun Corporation, responsible for managing the financial interests of the Greenspun family which is focused on companies in the media, technology, communication, travel, real estate and gaming industries.

Philibbosian has held a variety of real estate investment and management consulting positions in Southern California, including with Westfield Corporation and Ernst & Young/Kenneth Leventhal & Co. He holds a Bachelor of Science degree in Business Administration and a Masters of Accounting degree, both from the University of Southern California. He also serves as an Independent Director of Freedom Communications, Inc.