Shares in the $43.5 billion gaming behemoth Aristocrat Leisure Limited (ASX: ALL) are falling more than 3% on Friday after the company announced that the boss of one of its key divisions would step down.
The stock is the second-worst performer in the S&P/ASX 200 Index (ASX: XJO), falling just more than 3% to be changing hands for $68.13.
Aristocrat told the ASX on Friday morning that Moti Malul, who took the chief executive role at Aristocrat Interactive back in 2018, had stepped down from his role and would depart the business in March next year.
Mr Malul successfully led NeoGames through its acquisition by Aristocrat, and steered the creation of the Aristocrat Interactive business over the past 18 months. Following a comprehensive global search, Dylan Slaney has been appointed to succeed Mr Malul as CEO, Aristocrat Interactive, and is expected to commence on 3 November 2025 subject to the receipt of necessary regulatory pre-approvals.
Aristocrat said Mr Slaney was a proven "iGaming" executive, with more than 10 years of global experience in the sector.
Mr Slaney was most recently chief executive of Light & Wonder's iGaming business, and had held other leadership positions, Aristocrat said.
"Mr Slaney has a track record of driving operational excellence and a customer first approach that delivers transformative growth,'' the company said.
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More changes afoot
Aristocrat also said its chief corporate affairs officer, Natalie Toohey, was leaving the business to pursue new opportunities after almost seven years in her role.
She has been replaced by Barry French in an expanded role as chief corporate affairs and marketing officer, effective immediately.
Aristocrat managing director Trevor Croker said he was delighted to welcome the two new leaders to the business.
