Australia gaming manufacturing giant Ainsworth Game Technology Ltd. announced yesterday in a filing with the Australian Securities Exchange that its CEO, Danny Gladstone, will be stepping down from his position next year. His last day as CEO will be June 30, but the executive will still remain with the company, which, according to Ainsworth, will give the company the ability to retain the experience and expertise Gladstone has accumulated over the years in the gaming industry.

Gladstone will remain in his current position until a suitable replacement is found. When that happens, he will switch to an unidentified role within the organization.

Graeme Campbell, who serves as Ainsworth’s chairman of the board, said that Gladstone has been responsible for driving the international growth of the company. He added, “Ainsworth is much stronger for Danny’s contribution. We are delighted he will continue to assist us in the future.”

Ainsworth saw impressive profit during its previous fiscal year, even though it was less than the previous year. In its financial report issued in August, the company reported a net profit of $23.3 million for the year, about 15.8% less than the prior period. Revenue for the company was approximately US$192.6 million. The company added that sales were better in the second half of the financial year than they were during the first half.