LONDON, March 23, 2020 /PRNewswire/ -- International
Game Technology PLC ("IGT") (NYSE:IGT) today announced that
Massimiliano ("Max") Chiara has been appointed Executive Vice
President and Chief Financial Officer effective April 6, 2020. Chiara has also been appointed to
IGT's board of directors effective as of the first IGT board
meeting after April 6, 2020, or as of
the 2020 AGM, if earlier and subject to shareholder vote.
"We are excited to have Max join the IGT team, both as a
member of my senior leadership team and as a board
member," said Marco
Sala, IGT CEO. "His broad and deep background in all
facets of global finance and operations, in addition to his high
standards of excellence, will be tremendous assets to our
organization."
"It is a great honor to be joining an iconic gaming industry
leader," said Max
Chiara. "I look forward to working with IGT's strong
leadership team and assisting the Company in achieving its
strategic and financial goals."
Mr. Chiara joins IGT from CNH Industrial N.V., where he most
recently served as Chief Financial Officer and Chief Sustainability
Officer. Mr. Chiara previously held various financial and
operational roles at Fiat Chrysler and, amongst other prior
positions, as a consultant at PricewaterhouseCoopers Advisory.
IGT's board of directors has also appointed Beatrice H. Bassey as an independent director
effective March 20, 2020. Bassey is
currently Group General Counsel, Chief Compliance Officer, and
Corporate Secretary of Atlas Mara Ltd. and serves on the boards of
Union Bank of Nigeria PLC, African Banking Corporation of Botswana
Ltd., and Banque Populaire du Rwanda.
"Beatrice's extensive experience in the highly dynamic and
regulated banking sector, in addition to her extensive
international exposure, are valuable perspectives to add to IGT's
board," said Lorenzo Pellicioli, IGT Chairman.
Paget Alves has notified the Company that he will retire from
IGT's board and will not stand for election at IGT's upcoming
annual general meeting. Alves has been a director of IGT and
its predecessor companies for over a decade and has most recently
served on both the Audit Committee and Compensation Committee.
"Paget has been instrumental in supporting IGT and the board
during many chapters of the Company's history. We would like to
thank Paget for his many years of service to IGT," said
Lorenzo Pellicioli, IGT Chairman.
About IGT
IGT (NYSE:IGT) is the global leader in
gaming. We deliver entertaining and responsible gaming experiences
for players across all channels and regulated segments, from Gaming
Machines and Lotteries to Sports Betting and Digital. Leveraging a
wealth of compelling content, substantial investment in innovation,
player insights, operational expertise, and leading-edge
technology, our solutions deliver unrivalled gaming experiences
that engage players and drive growth. 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 approximately 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, 2019 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. Nothing
in this news release is intended, or is to be construed, as a
profit forecast or to be interpreted to mean that the financial
performance of International Game Technology PLC for the current or
any future financial years will necessarily match or exceed the
historical published financial performance or International Game
Technology PLC, as applicable. All forward-looking statements
contained in this news release are qualified in their entirety by
this cautionary statement. All subsequent written or oral
forward-looking statements attributable to International Game
Technology PLC, or persons acting on its behalf, are expressly
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