LAS VEGAS (AP) -- Casino equipment maker Shuffle Master Inc. said Monday that Chief Executive Mark L. Yoseloff will retire on March 15, with Timothy J. Parrott stepping into the role as part of the company's succession plan.
Parrott will serve as CEO-Elect and work with Yoseloff, 61, on the transition process until March.
Shuffle Master said Yoseloff plans to leave its board of directors as well, but will stay with the company as a part-time employee after his retirement to help with the CEO transition.
Parrott most recently served as president and CEO of Aristocrat Technologies Inc. He is also a founding board member of the American Gaming Association.
Last month Shuffle Master reported a fiscal fourth-quarter loss, hurt mostly by a charge related to its electronic table systems unit.