We are extremely pleased to add an individual of Lin's caliber to our executive management team," said Parrott. "Lin brings great depth and experience to Shuffle Master with a proven track record in global manufacturing operations, driving company-wide cost containment initiatives and leading finance and accounting teams in the international high-tech public company arena. His hiring completes our senior executive team and Shuffle Master will certainly benefit from his expertise in a number of areas."
He has been CFO of both public and private technology companies for the past 9 years. Most recently, Fox served as CFO of Cherokee International LLC., a publicly held international custom power electronics manufacturer in the energy sector. At Cherokee International LLC., he helped establish a manufacturing facility in Shanghai, significantly improved annual cash flow through fundamental process changes and oversaw multiple key areas including worldwide cash management, treasury and all SEC financial reporting.
Prior to that, Fox spent 18 years at Anacomp, Inc., a publicly held software, equipment and services company, and the last five of those years he served as CFO. During his tenure at Anacomp, Inc., he executed various strategic and financing plans, including helping to successfully integrate over 30 acquisitions.
The company’s Chief Accounting Officer, Coreen Sawdon, who has been the interim CFO since March 2008, will be reporting to Fox. Parrott added, "I want to express my appreciation to Corie for her significant contributions to the company as Acting CFO over the past 17 months and we look forward to her continued support in the on-going execution of our strategic initiatives."