The board of Everi Holdings, formerly Global Cash Holdings, relieved CEO Ram Chary of his duties at Everi. 

On February 13^th, the Everi Board voted to remove Ram V. Chary from his positions as the Company’s President, CEO and Board member.  Ram Chary, an alumni of University of Colorado and Purdue University, was appointed CEO of Everi, fromerly Global Cash Management, in January 2014.

Prior to joining Everi, Mr. Chary served in various roles at Fidelity National Information Services, Inc.  Previously Chary led the technology division of Fidelity National Information Services, Inc., a banking and payments technology company. Prior to joining Fidelity National Information Services Inc., Mr. Chary led the Professional Services organization of eFunds Corporation, a payments services company.  

Prior to eFunds, Mr. Chary worked at IBM Global Services in infrastructure outsourcing and technology consulting. 

Everi Holdings is a casino equipment provider and is a major player in casino floor operations and serves over 1100 casinos around the world.  The Board has formed a search committee to identify a qualified candidate to serve as the Company’s permanent CEO.

Ram Chary at the NYSE in August 2015

As per the Business Wire, “While this was a difficult decision, the Board believes this move is in the Company’s best interest,” said E. Miles Kilburn, Chairman of the Board.