GTECH Names Atul Bali Vice President of Corporate Development and Strategic Planning
October 27 2005 - 4:55PM
PR Newswire (US)
WEST GREENWICH, R.I., Oct. 27 /PRNewswire-FirstCall/ -- GTECH
Holdings Corporation (NYSE:GTK) announced today that Atul Bali has
been named Vice President of Corporate Development and Strategic
Planning, reporting directly to Jaymin B. Patel, GTECH Senior Vice
President and Chief Financial Officer. Mr. Bali will also serve as
a Corporate Officer of the Company. (Photo:
http://www.newscom.com/cgi-bin/prnh/20051027/NETH055 ) "Atul has
been a tremendous contributor since he joined GTECH in 1997, and I
look forward to working with him in creating long-term value for
GTECH and a focused, coherent strategy for the Company's growth
initiatives," said GTECH President and Chief Executive Officer W.
Bruce Turner. "Atul's appointment as Vice President of Corporate
Development and Strategic Planning enables GTECH to benefit more
broadly from his business expertise and strong leadership
qualities, and I am confident that with his contribution, we will
experience further accelerated growth in our expanded core business
as well as in new markets," said Mr. Patel. As Vice President of
Corporate Development and Strategic Planning, Mr. Bali will be
responsible for analyzing key areas of value growth, identifying
new verticals and markets, and building market-entry plans for
these markets. Mr. Bali is also charged with developing business
plans for the Company's larger investments and leading the
activities relating to future mergers and acquisitions, joint
ventures, and strategic alliances. In addition, Mr. Bali will
continue to be responsible for the ongoing management of GTECH's
Commercial Services business unit. Mr. Bali began his GTECH career
in the United Kingdom, and, over the years, has held roles of
increasing responsibility, most recently serving as Vice President
of Global Business Development, where he was responsible for
leading the Company's initiatives in creating new business
opportunities and supporting the expansion of GTECH's products and
services in existing and new jurisdictions. During his eight years
with the Company, Mr. Bali has participated in a number of major
areas of the international business including leadership roles in
the United Kingdom, Taiwan, China, and Italy. Mr. Bali holds a
Graduate Honours Degree in Law and Economics from the University of
Keele and is a qualified Chartered Accountant. GTECH is a leading
gaming technology and services company. With more than $1.25
billion in annual revenues and 5,300 people in over 50 countries,
GTECH provides integrated technology, creative content, and
business services to effectively manage and grow today's evolving
gaming markets. In targeted emerging economies, GTECH also
leverages its operational presence and infrastructure to supply
commercial transaction processing services. For more information
about the Company, please visit GTECH's website at
http://www.gtech.com/. Contact: Robert K. Vincent Public Affairs
GTECH Corporation 401-392-7452
http://www.newscom.com/cgi-bin/prnh/20051027/NETH055
http://photoarchive.ap.org/ DATASOURCE: GTECH Holdings Corporation
CONTACT: Robert K. Vincent, Public Affairs of GTECH Corporation,
+1-401- 392-7452 Web site: http://www.gtech.com/
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