AGS names Adam Chibib as Chairman of the Board; David Sambur steps down

Gaming manufacturer and supplier PlayAGS announced Friday that the company's Board of Directors has appointed Adam Chibib, current Board member and Lead Independent Director, as Chairman of the Board. Effective January 27, Chibib succeeds David Sambur, who recently stepped down from the Board after serving as Chairman for the past five years and as a member of the Board since 2013.

David Lopez, AGS President, Chief Executive Officer, and Board member, said: "On behalf of my fellow Board members, I would like to thank David Sambur for his guidance and insights as Chairman of the Board and for his nine years of leadership at AGS."

"We are excited to welcome Adam as our new Board Chairman. He is an incredibly well-respected leader within the gaming industry, and his depth of experience has been invaluable to AGS throughout his years of service," Lopez added.

According to the CEO, from day one of the company's initial public offering, Chibib's guidance and leadership "have played a critical role" in shaping the business. "I look forward to continuing working with him in his new role," the Chief Executive said.

David Lopez, AGS President, Chief Executive Officer, and Board member.

For his part, Chibib commented: "I am extremely honored to serve as AGS' Chairman of the Board. Over the past five years, I have gained a great deal of respect for my fellow Board members and the company's executive leadership team. I look forward to leveraging my previous experience in gaming and other industries to help guide AGS to the next level."

Chibib has served as a member of the AGS Board since January 2018. His 30+ years career has included executive roles at "numerous successful companies," ranging from early-stage start-ups to billion-dollar public companies. It also has spanned diverse industries including telecom software, security hardware, consumer financial services, and gaming.

Chibib is currently the CFO of Self Financial, a consumer financial company based in Austin, Texas. Prior to Self Financial, Mr. Chibib was a general partner at Silverton Partners, an early-stage venture capital firm; and, prior to that, served as President and Chief Financial Officer of Multimedia Games Holding Company, which was acquired by Global Cash Access (now known as Everi Holdings).

In addition to holding several board seats outside of AGS, Chibib is the Treasurer for the Austin Film Society and serves on the Nominating Committee for the Eanes Education Foundation.

Over thirty real-money games coming to Caesars Sportsbook & Casino in New Jersey and Pennsylvania.

Read more here: https://t.co/Q3DsUxKQem pic.twitter.com/idYpg4y3DP

— AGS (@playAGS) January 24, 2023

Earlier this month, the company announced a new online game content partnership with Caesars Sportsbook & Casino. Through the partnership, AGS will provide the digital arm of casino giant Caesars with a variety of its iGaming portfolio, "helping to turbocharge the operator's online real-money gaming (RMG) operations."