IGT announce position changes within the board and executive positions
Many positions have been changed within IGT
After only recently announcing a partnership with WWE, slot developer IGT is in the news this week for board leadership and executive changes within the business.
The Board of Directors and the CEO positions have all been shaken up for the new year in preparation for the next stages of IGT's planned growth for 2022.
What changes have been announced?
The company reports that Lorenzo Pellicioli will retire as chairperson of the IGT Board of Directors but will remain as a non-executive director.
In addition to this, Marco Sala, who is the current CEO of IGT, will become executive chair of the board with Vincent Sadusky replacing him as CEO and will also act as executive director of the board. IGT released a statement saying that these changes will be in effect by Monday 24th January 2022.
"The actions further strengthen IGT," says Pellicioli
Lorenzo Pellicioli said: "The changes to the IGT executive team and board are an important step in positioning the Company for the next phase of its evolution. The actions further strengthen IGT's capabilities to execute on its long-term strategy and the value creation initiatives identified in the Company's recent investor day."
He added: "It is a natural evolution for Marco to lead the IGT board. he has a proven track record of success and has earned the trust and respect of IGT's customers, investors, business partners and regulators. Marco will focus on managing the board, corporate governance, including sustainability initiatives, and guiding the strategic direction of IGT."
"Likewise, we are delighted to announce that Vince Sadusky, a seasoned executive, long-time member of the current IGT board as well as that of its predecessor companies and the former chair of our audit committee will succeed Marco as CEO," concluded Pellicioli.
"Vince brings a unique set of skills to the role, where he combines his knowledge of IGT with his demonstrated ability to create shareholder value with decades in leadership roles in public and private companies in dynamic industries, including digital and media."
"IGT is well-positioned for the future," says Sadusky
"I am looking forward to taking on the new role of executive chair at IGT and to partner with Vince, with whom I have worked extensively over the years, in leading IGT forward," said Marco Sala, the CEO of IGT.
"I believe our skills and experiences are complementary and will serve our stakeholders well. In particular, Vince's vast experience with portfolio companies and capital markets will be valuable as we look to execute on our strategy."
Vincent Sadusky closed off this announcement with: "IGT is well-positioned for the future, and I am very excited to join the Company as its next CEO. With a seasoned executive team and very talented group of employees across the world, it represents a great opportunity for me to support an industry leader in the next phase of its growth,"
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