Global gaming giant IGT has announced a series of key changes to its Board of Directors and executive team, including the promotion of CEO Marco Sala to Chairman and appointment of current director Vincent Sadusky as new CEO.
The reshuffle follows news that Lorenzo Pellicioli will retire as chairperson, with the changes coming into effect as of Monday 24 January.
It was also announced that Sala will be put forward in June to become CEO of IGT’s controlling shareholder De Agostini S.p.A, a position currently held by Pellicioli.
“The changes to the IGT executive team and board are an important step in positioning the Company for the next phase of its evolution,” Pellicioli said.
“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. It is a natural evolution for Marco to lead the IGT board.
“More importantly, during his 19 years at IGT and its predecessor companies, he has a proven track record of success and has earned the trust and respect of IGT’s customers, investors, business partners and regulators. As executive chair, 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. 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. His transition into the CEO role will be relatively seamless.”
