t is expected that Parrott will be on leave for approximately 4 to 6 weeks and will resume his normal duties upon his return. During his leave, he will continue to serve as a member of the company's Board of Directors.
The company also announced that, in the interim, a Management Committee consisting of Messrs. Linster Fox, Executive Vice President and Chief Financial Officer; David Lopez, Executive Vice President; Jerry Smith, Executive Vice President, General Counsel and Corporate Secretary; and Roger Snow, Executive Vice President, has been selected by the Board of Directors, with Parrott's full support and approval, to be responsible for the day-to-day business decisions for the Company, and to perform the principal executive functions of the CEO position during Parrott's absence. He will continue as the Company's CEO and remain involved in major strategic decisions during his absence.
"My doctors have advised me that my cancer treatments have been effective thus far and that treatment of my infection is going well," said Parrott. "With time to focus on making a full recovery, I should be able to resume my normal activities. I am confident that our executive team, with over 30 years of experience at Shuffle Master, will continue to successfully execute our strategic plan while I am recovering."
The firm's Board of Directors, management and staff all wish Parrott a full and speedy recovery and look forward to his return as soon as possible.
