IGT announces departure of CFO

Fornaro will maintain his position until the end of January 2020, when he will be replaced by current SVP and Chief Accounting Officer, Timothy Rishton, on an interim basis.

IGT’s board unanimously approved Rishton to replace Fornaro as interim CFO while the operator searches for a permanent replacement.

Fornaro said: “It has been a great honour 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 organisation in place, it is the right time for me to move on to a new challenge.”

Marco Sala, IGT CEO, said: “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.”

IGT generated revenue of $1.15bn for Q3 2019, a 3% rise year-on-year at constant currency.

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Owain Flanders

Journalist

Owain Flanders is a journalist who spent over a year with Gambling Insider, first joining as an Editorial Intern in August 2019 before progressing to Staff Writer from November 2019 to December 2020. During his tenure, he covered a wide range of developments across the global gambling and iGaming sectors, producing original news stories, in-depth features and analytical pieces for the Gambling Insider website and its bi-monthly magazine.

Owain interviewed CEOs, analysts and senior marketing executives on emerging trends, regulatory issues and commercial strategy, bringing authoritative insight to a professional B2B audience.

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