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Accel Entertainment Unveils Team Changes, CEO Role Succession

Accel

Entertainment

Accel Entertainment, a leading distributed gaming operator in the US, announced major C-suite changes and board additions. Among other things, the company confirmed the upcoming succession of the CEO position.

Accel Entertainment Enacts Major C-Suite Reshuffling

In its announcement, Accel Entertainment said that its founder and chief executive officer, Andy Rubenstein, has been selected as the chair of the company’s board of directors. At the same time, Mark Phelan, the business’s president of US gaming, has secured an additional role as chief operating officer. Finally, Karl Peterson joined the company’s board as its lead independent director. All of these changes are with immediate effect, Accel Entertainment confirmed.

Phelan was also selected to replace Rubenstein as CEO and president, effective August 7, 2026. When that time comes, Phelan is also expected join the company’s board of directors, the company said.

According to Accel Entertainment’s announcement, the changes are in line with its long-term commitment to maintaining strong corporate governance and a clear leadership succession strategy.

Rubenstein Trusts Phelan to Lead the Company Well

Representatives commented on the significant internal reshuffling, expressing their thoughts on the matter. Andy Rubenstein, who is set to step down as CEO next fall, said that he is confident in passing the baton to Phelan. The former added that he was pleased with the company’s current position and stellar growth over the years and said that he cannot wait to see where it goes next.

As Chairman, I look forward to continuing my close work with Mark and the Board, as we look to extend Accel’s position as an industry leader and build new value for shareholders.

Andy Rubenstein, CEO, Accel Entertainment

Rubenstein also commented on the upcoming appointment of Phelan as CEO, saying that the latter is perfectly equipped to deal with the challenges associated with that position.

In the meantime, Phelan vowed to keep the company focused on disciplined execution and operational consistency. He thanked his predecessor and the board for their trust and promised not to let them down.

My focus will be on execution — improving the experience for our location owners and players, driving consistent performance across our markets, operating with discipline, identifying and capitalizing on growth opportunities, and working to create long-term value for shareholders.

Mark Phelan, CEO appointee, Accel Entertainment

Karl Peterson confirmed the board’s position that now is the perfect time to enact the transition of responsibilities and continue Accel Entertainment’s Growth. He said that his colleagues are convinced that Rubenstein is a perfect fit for the board chair position.

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