International Game Technology (IGT) has announced a number of changes to its executive team and board, with Vincent Sadusky appointed CEO and Executive Director.
Current CEO Marco Sala will become Executive Chair of the Board, with Lorenzo Pellicioli to retire as Chairperson of the IGT Board of Directors. He will remain a Non-Executive Director. The changes will be effective 24 January 2022.
And in a separate release, B&D Holding S.p.A. - the controlling shareholder of De Agostini S.p.A. - noted that Sala will be proposed as the next CEO of De Agostini. This will take place at the meeting of the corporate bodies of De Agostini in June 2022, with Sala proposed to succeed Pellicioli, who is retiring from the role.
“The changes to the IGT executive team and board are an important step in positioning the company for the next phase of its evolution,” said Pellicioli. “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.”
IGT also announced that Maria Pinelli and Ashley Hunter have been appointed as Non-Executive Directors of the Board, with those changes having taken place on 14 January 2022.
Pinelli has replaced Sadusky as Chair of the company’s Audit Committee, with Hunter appointed to the company’s Nominating and Corporate Governance Committee.
“We are delighted to have Maria and Ashley join our board. They both bring deep and diverse professional experiences to IGT to enhance our board composition. We are looking forward to their contributions,” added Pellicioli.