he announcement was made by GameTech Chairman, Richard Fedor, who stated, "We are very pleased and excited to welcome Mr. Glisson and Mr. Rittvo to our Board of Directors." Fedor added, "Mr. Rittvo is a highly respected figure in the gaming industry who will add a valuable perspective and further complement our current Board. Likewise, Mr. Glisson's gaming background and executive leadership experience make him ideally suited for our Board. I am confident that Bud and Steve will be important contributors to our Board and I look forward to working with them."
Floyd "Bud" Glisson has extensive leadership experience in both the private sector and in the gaming industry. He joined the board of directors of Acres Gaming, Inc. in 1997, was appointed to serve as CEO in 1998, and in 2000 also became Chairman. Mr. Glisson served as both CEO and Chairman of Acres Gaming until the company became a subsidiary of International Game Technology, in 2003.
Under Mr. Glisson's leadership, Acres Gaming became a global leader in gaming systems technology. Mr. Glisson has also served as Senior Vice President, Finance and Administration and Chief Financial Officer for ConAgra Grocery Products Company, a unit of ConAgra, Inc., from April 1995 to July 1998. Most recently, Mr. Glisson's experience includes roles as managing member of several private investment funds.
Steven M. Rittvo is the Chairman and CEO of The Innovation Group, a gaming, hospitality and leisure industry consulting firm that Mr. Rittvo co-founded in 1993. In his various roles with the Innovation Group, Mr. Rittvo has advised and participated in gaming studies for clients ranging from Caesars Entertainment, MGM Mirage, Pinnacle, Mandalay Bay, Isle of Capri, Harrah's, Trump Hotels and Casinos, as well as numerous Native American tribes and government agencies throughout the United States and the world.
Both Mr. Glisson and Mr. Rittvo have been elected to serve as directors until the company's 2010 Annual Meeting of Stockholders and will also be nominated for re-election by the company's stockholders along with five other current board members at the 2010 Annual Meeting of Stockholders.