LONDON, Dec. 2, 2019 /PRNewswire/ -- International
Game Technology PLC ("IGT") (NYSE: IGT) today announced that
Alberto Fornaro, Executive Vice
President and Chief Financial Officer, has resigned to pursue other
professional opportunities. Mr. Fornaro will continue in his
current position through January 31,
2020, to ensure a smooth transition for the company. IGT's
board of directors has unanimously approved the appointment of
Timothy Rishton, currently IGT's
Senior Vice President and Chief Accounting Officer, as interim CFO
during the search for a permanent replacement.
"I would like to thank Alberto, both personally and on behalf of
the IGT Board of Directors, for his leadership and outstanding
contribution during the last eight years as CFO of first GTECH and
later IGT. Alberto played a significant role in improving our
financial and operational performance, including helping to secure
large, strategically important contracts for the next several
years. We look forward to an orderly and seamless transition of his
responsibilities, and wish him well in his future
endeavors," said Marco Sala,
CEO of IGT.
"It has been a great honor to serve as IGT CFO and to
participate in the company's success during the last eight years.
With the recent completion of important refinancing activity and a
strong finance organization in place, it is the right time for me
to move on to a new challenge," said Alberto Fornaro.
IGT has initiated a global search with a leading executive
search firm to find a permanent successor.
About Timothy Rishton: Mr.
Rishton has been with IGT (and predecessor GTECH) since 1995, most
recently serving as Senior Vice President and Chief Accounting
Officer. Over his 24 years with the company, Mr. Rishton has held a
series of roles with increasing responsibility, including Vice
President – Finance, Assistant Corporate Controller and Director of
Accounting. Before joining the company, Mr. Rishton held various
roles at Acushnet Company and Ernst & Young. Mr. Rishton is a
Certified Public Accountant and received a Bachelor of Science in
Accounting from the University of Rhode
Island.
About IGT
IGT (NYSE: IGT) is the global leader in
gaming. We enable players to experience their favorite games across
all channels and regulated segments, from Gaming Machines and
Lotteries to Digital and Social Gaming. Leveraging a wealth of
premium content, substantial investment in innovation, in-depth
customer intelligence, operational expertise and leading-edge
technology, our gaming solutions anticipate the demands of
consumers wherever they decide to play. We have a well-established
local presence and relationships with governments and regulators in
more than 100 countries around the world, and create value by
adhering to the highest standards of service, integrity, and
responsibility. IGT has over 12,000 employees. For more
information, please visit www.IGT.com.
Cautionary Statement Regarding Forward-Looking
Statements
This news release may contain forward-looking
statements (including within the meaning of the Private Securities
Litigation Reform Act of 1995) concerning International Game
Technology PLC and its consolidated subsidiaries (the "Company")
and other matters. These statements may discuss goals, intentions,
and expectations as to future plans, trends, events, dividends,
results of operations, or financial condition, or otherwise, based
on current beliefs of the management of the Company as well as
assumptions made by, and information currently available to, such
management. Forward-looking statements may be accompanied by words
such as "aim," "anticipate," "believe," "plan," "could," "would,"
"should," "shall", "continue," "estimate," "expect," "forecast,"
"future," "guidance," "intend," "may," "will," "possible,"
"potential," "predict," "project" or the negative or other
variations of them. These forward-looking statements speak only as
of the date on which such statements are made and are subject to
various risks and uncertainties, many of which are outside the
Company's control. Should one or more of these risks or
uncertainties materialize, or should any of the underlying
assumptions prove incorrect, actual results may differ materially
from those predicted in the forward-looking statements and from
past results, performance, or achievements. Therefore, you should
not place undue reliance on such statements. Factors that could
cause actual results to differ materially from those in the
forward-looking statements include (but are not limited to) the
factors and risks described in the Company's annual report on Form
20-F for the financial year ended December
31, 2018 and other documents filed from time to time with
the SEC, which are available on the SEC's website at www.sec.gov
and on the investor relations section of the Company's website at
www.IGT.com. Except as required under applicable law, the Company
does not assume any obligation to update these forward-looking
statements. You should carefully consider these factors and other
risks and uncertainties that affect the Company's business. All
forward-looking statements contained in this news release are
qualified in their entirety by this cautionary statement.
Contact:
Phil
O'Shaughnessy, Global Communications, toll free in
U.S./Canada +1 (844) IGT-7452;
outside U.S./Canada +1 (401)
392-7452
Francesco Luti, +39 3485475493; for
Italian media inquiries
James Hurley, Investor Relations, +1
(401) 392-7190
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SOURCE International Game Technology PLC