Tuesday, February 7, 2023

Stern Pinball Announces the Hiring of Seth Davis as New CEO

Stern Pinball has announced the appointment of two executives to support the continued growth of the company. Over the past three years, SPI has achieved consistent revenue records in the pinball machine, accessories and merchandising businesses, as well as successfully expanded digital connectivity with Insider Connected.

Company founder Gary Stern will step down as CEO but will continue as chairman of the board of directors. Dave Peterson will continue to serve as vice chairman of the council. Gary and Dave will remain majority shareholders of the company and will serve in executive roles depending on their projects.

Seth Davis, who joined the company as President in October 2021, will assume the additional role of Chief Executive Officer (CEO). A lifelong gamer, Seth spent a total of twenty-one years with The Walt Disney Company and General Electric Company before joining Stern Pinball. He has always performed a variety of roles and business functions at a high level. Seth led and managed small and large teams spanning business, creative and technical disciplines.

Immediately prior to joining Stern Pinball, Seth was part of the executive team responsible for the highly successful subscription streaming services Disney+ and ESPN+. Previously, Seth worked on key business transformation projects at Disney Corporate Financial Planning; as head of product management for Disney games and connected experiences within consumer products as part of Walt Disney Imagineering; As the leader of Disney’s Digital Games for Console and PC business line; and as director of strategy, market analysis and product planning for Disney Games.

Prior to Disney, Seth worked at General Electric Company for eight years. He held the position of Senior Finance Manager at GE Capital, responsible for strategic analysis and marketing. He began his GE career in the Financial Management program, where he completed four national programs across GE business units and earned his Six Sigma Black Belt certification.

Seth earned his MBA from the Wharton School of the University of Pennsylvania, where he specialized in business management. He received a Bachelor of Science from Syracuse University with a double major in Accounting and Management and Information Technology.

After 35 years of service, Michael O’Donnell will be retiring as SPI’s Chief Financial Officer (CFO). Michael will remain a major shareholder in the company and will continue to serve on the board of directors. He will also lead special projects and assist in the transition to the CFO role.

Nick Parfitt will join the company as Chief Financial Officer. Nick, originally from South Africa, will bring to the company over 20 years of extensive experience in financial, accounting, strategic and development management. Nick began his Fortune Brands career at Jim Beam Inc., the world’s third largest manufacturer and distributor of spirits. Next, Nick joined MillerKnoll, Inc., a NASDAQ-listed multi-billion dollar collective of dynamic brands designed and produced for the commercial and luxury residential markets. Most recently, Nick worked as Chief Financial Officer at Venia, LLC implementing a consolidation strategy for a start-up business unit within the Duravant family of engineering companies.

Nick earned his MBA from Northwestern University’s Kellogg School of Management, where he majored in Finance and Marketing. He earned a Bachelor of Science degree from Indiana University Bloomington with a double major in Finance and Operations Management.

Shelley Sachs-Aldridge, one of Stern Pinball’s longest-serving employees, also announced her retirement after more than 36 years of service. Shelley started as an administrative assistant to Gary Stern and became the company’s director of logistics. Shelley regularly communicated with the company’s customers and distributor partners, helping with the distribution of pinball games around the world.

Nation World News Desk
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