LONDON, Jan. 20, 2022 /PRNewswire/ — Worldwide Recreation Know-how PLC (NYSE: IGT) (“IGT” or the “Firm”) as we speak introduced that on January 14, 2022 its board of administrators applied various modifications to the Firm’s government staff and board.
Lorenzo Pellicioli will retire as chairperson of the IGT Board of Administrators and can stay a non-executive director. Marco Sala, at the moment CEO of IGT, will grow to be government chair of the board. Vincent Sadusky will grow to be CEO and government director of the board. These modifications will likely be efficient January 24, 2022.
In a separate launch as we speak, B&D Holding S.p.A., the controlling shareholder of De Agostini S.p.A., introduced that Marco Sala will likely be proposed on the June 2022 assembly of the company our bodies of De Agostini as the subsequent CEO of De Agostini, succeeding Lorenzo Pellicioli, who’s retiring from the place.
“The modifications to the IGT government staff and board are an vital step in positioning the Firm for the subsequent part of its evolution. The actions additional strengthen IGT’s capabilities to execute on its long-term technique and the worth creation initiatives recognized within the Firm’s current investor day. It’s a pure evolution for Marco to guide the IGT board. Extra importantly, throughout his 19-years at IGT and its predecessor firms, he has a confirmed observe report of success and has earned the belief and respect of IGT’s clients, buyers, enterprise companions and regulators. As government chair, Marco will give attention to managing the board, company governance, together with sustainability initiatives, and guiding the strategic course of IGT.
“Likewise, we’re delighted to announce that Vince Sadusky, a seasoned government, long-time member of the present IGT board in addition to that of its predecessor firms and the previous chair of our audit committee will succeed Marco as CEO. Vince brings a novel set of expertise to the position, the place he combines his data of IGT together with his demonstrated potential to create shareholder worth with many years in management roles in private and non-private firms in dynamic industries, together with digital and media. His transition into the CEO position will likely be comparatively seamless,” mentioned Lorenzo Pellicioli, chairperson of IGT.
“I’m wanting ahead to taking up the brand new position of government chair at IGT and to companion with Vince, with whom I’ve labored extensively through the years, in main IGT ahead. I consider our expertise and experiences are complementary and can serve our stakeholders nicely. Particularly, Vince’s huge expertise with portfolio firms and capital markets will likely be helpful as we glance to execute on our technique,” mentioned Marco Sala, CEO of IGT.
“IGT is well-positioned for the long run, and I’m very excited to affix the Firm as its subsequent CEO. With a seasoned government staff and really gifted group of workers internationally, it represents a terrific alternative for me to help an trade chief within the subsequent part of its development,” mentioned Vincent Sadusky.
The board of administrators additionally appointed Maria Pinelli and Ashley Hunter as non-executive administrators of the board. Ms. Hunter was additionally appointed to the Firm’s Nominating and Company Governance Committee and Ms. Pinelli was appointed chair of the Firm’s Audit Committee, changing Vincent Sadusky. These modifications have been efficient January 14, 2022.
“We’re delighted to have Maria and Ashley be part of our board. They each carry deep and various skilled experiences to IGT to boost our board composition. We’re wanting ahead to their contributions,” mentioned Lorenzo Pellicioli, chairperson of IGT.
Govt & Director Biographies
Lorenzo Pellicioli served as chairperson of the IGT Board of Administrators from November, 2018 to January, 2022 after serving as vice-chairperson since April 2015. From August 2006 to April 2015, he was chairperson of the GTECH S.p.A. (previously Lottomatica Group) Board of Administrators. He has served as CEO of De Agostini S.p.A. since November 2005. He has additionally served as a director of IDeA Various Investments S.p.A. and as managing director of DeA Issue S.p.A. Mr. Pellicioli serves as chairman of the board of administrators of DeA Capital, as a director of Banijay Group SAS and LDH SAS, and he’s additionally a member of the compensation committee and of the appointments and company governance committee and director of the board of administrators of Assicurazioni Generali.
Marco Sala was CEO of IGT from April, 2015 to January, 2022. Along with serving on the board of administrators for IGT in his position as CEO, in Might 2020 he was appointed to the board of administrators for De Agostini S.p.A. Previous to April 2015, he served as CEO of GTECH S.p.A. (previously Lottomatica Group) since April 2009 and was chargeable for overseeing all the Firm’s segments together with the Americas, worldwide, Italy, and services and products. He joined the Firm as co-general supervisor in 2003 and has since served as a member of the board of administrators. In August 2006, he was appointed managing director with accountability for the Firm’s Italian operations and different European actions. Beforehand, he was CEO of Buffetti, Italy’s main workplace gear and provide retail chain. Previous to Buffetti, Sala served as head of the enterprise directories division for SEAT Pagine Gialle. Earlier in his profession, he labored at Magneti Marelli (a Fiat Group firm) and Kraft Meals.
Vincent Sadusky was CEO and board member of Univision Communications from 2018 to 2020, the biggest Hispanic media firm within the US, working a number of broadcast and cable networks, native TV and radio stations, digital video and audio streaming. Previous to Univision, he was CEO and board member from 2014 to 2017 of Media Common, an area TV station and digital media firm with greater than 50 TV stations and 5,000 workers. From 2006 to 2014, he was CEO and board member of LIN Media, an area TV station broadcaster and digital media firm. He additionally served as CFO of LIN Media from 2004 to 2006 and was CFO of Telemundo Communications from 1999 to 2004. Along with serving on the IGT board of administrators since 2010 and most just lately chairing its audit committee, Sadusky has served on the boards of the Paley Heart for Media, the Nationwide Affiliation of Broadcasters and was the treasurer for the NBC Associates Board. Earlier in his profession, he labored at Ernst & Younger, and co-founded JVB Monetary Group and Zeus Monetary, fixed-income securities buying and selling companies.
Maria Pinelli is a worldwide C-suite government who at the moment serves as a member of the board of administrators for Globant and board director and chair of the audit committee for Archer Aviation, Inc. and Clarim Acquisition Corp. She served in quite a lot of management roles at EY from October, 1986 to November, 2020, together with client merchandise and retail chief, world vice chair – strategic development markets, world IPO chief, and Americas chief – strategic development markets. In her position as an advisor at EY, she efficiently led greater than 20 IPOs in 4 totally different nations and greater than 25 M&A transactions worldwide. Her expertise consists of strategic transactions and due diligence recommendation, Sarbanes-Oxley implementation and stakeholder administration. She has served as an advisor to a few of the world’s most iconic e-commerce, client merchandise, and retail manufacturers.
Ashley Hunter has been a lecturer on the College of Texas at Austin College of Info since 2015, and is the founding companion of A. Hunter & Firm, a number one danger administration advisory agency. Beforehand she was managing director of HM Danger Group LLC the place she assisted many startups and firms with various danger switch schemes and reinsurance placement, globally. Below her management, HM Danger Group turned a pacesetter within the improvement of area of interest insurance coverage merchandise for the sharing and assistive reproductive expertise trade. Previous to founding HM Danger Group in 2006, she labored in numerous claims and underwriting administration positions for State Farm Insurance coverage Firms, The Hartford Insurance coverage Firm and AIG Insurance coverage Firm.
IGT (NYSE:IGT) is a worldwide chief in gaming. We ship entertaining and accountable gaming experiences for gamers throughout all channels and controlled segments, from Gaming Machines and Lotteries to Sports activities Betting and Digital. Leveraging a wealth of compelling content material, substantial funding in innovation, participant insights, operational experience, and modern expertise, our options ship unrivalled gaming experiences that have interaction gamers and drive development. We now have a well-established native presence and relationships with governments and regulators in additional than 100 nations around the globe, and create worth by adhering to the best requirements of service, integrity, and accountability. IGT has roughly 11,000 workers. For extra data, please go to www.IGT.com.
Cautionary Assertion Relating to Ahead-Trying Statements
This information launch could comprise forward-looking statements (together with throughout the which means of the Personal Securities Litigation Reform Act of 1995) regarding IGT and its consolidated subsidiaries (the “Firm“) and different issues. These statements could focus on objectives, intentions, and expectations as to future plans, developments, occasions, dividends, outcomes of operations, or monetary situation, or in any other case, primarily based on present beliefs of the administration of the Firm in addition to assumptions made by, and data at the moment accessible to, such administration. Ahead-looking statements could also be accompanied by phrases similar to “intention,” “anticipate,” “consider,” “plan,” “may,” “would,” “ought to,” “shall,” “proceed,” “estimate,” “count on,” “forecast,” “future,” “steering,” “intend,” “could,” “will,” “attainable,” “potential,” “predict,” “mission” or the unfavourable or different variations of them. These forward-looking statements communicate solely as of the date on which such statements are made and are topic to numerous dangers and uncertainties, lots of that are exterior the Firm’s management. Ought to a number of of those dangers or uncertainties materialize, or ought to any of the underlying assumptions show incorrect, precise outcomes could differ materially from these predicted within the forward-looking statements and from previous outcomes, efficiency, or achievements. Due to this fact, you shouldn’t place undue reliance on such statements. Elements that might trigger precise outcomes to vary materially from these within the forward-looking statements embrace (however are usually not restricted to) the components and dangers described within the Firm’s annual report on Type 20-F for the monetary yr ended December 31, 2020 and different paperwork filed once in a while with the SEC, which can be found on the SEC’s web site at www.sec.gov and on the investor relations part of the Firm’s web site at www.IGT.com. Besides as required below relevant legislation, the Firm doesn’t assume any obligation to replace these forward-looking statements. You need to rigorously take into account these components and different dangers and uncertainties that have an effect on the Firm’s enterprise. All forward-looking statements contained on this information launch are certified of their entirety by this cautionary assertion. All subsequent written or oral forward-looking statements attributable to Worldwide Recreation Know-how PLC, or individuals appearing on its behalf, are expressly certified of their entirety by this cautionary assertion.
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