International Game Technology PLC announced that on January 14, 2022, its Board of Directors implemented a number of changes in the company’s management team and board.

Lorenzo Pellicioli will retire as chairman of IGT’s board and will remain a non-executive board member. Marco Sala, currently CEO of IGT, will be the Chairman of the Board. Vincent Sadusky will be the CEO and CEO of the Board. These changes will take effect on January 24, 2022.

In a separate announcement today, B&D Holding SpA, the controlling shareholder in De Agostini SpA, announced that Marco Sala will be proposed at the June 2022 meeting of De Agostini’s corporate body as the next CEO of De Agostini, after Lorenzo Pellicioli, who retires from the position. .

“The changes in IGT’s management team and board are an important step in positioning the company for the next phase of its development. The measures further strengthen IGT’s ability to implement its long-term strategy and the value-creating initiatives identified during the company’s recent investor day. a natural development for Marco to lead the IGT Board of Directors, and more importantly, during his 19 years at IGT and its predecessors, he has a proven track record of success and has earned the trust and respect of IGT’s customers, investors, business partners and regulators. Chairman, Marco will focus on governing the board, corporate governance, including sustainability initiatives, and guiding the strategic direction of IGT.

“We are also pleased to announce that Vince Sadusky, an experienced CEO, longtime member of the current IGT Board as well as its predecessor and the former Chairman of our Audit Committee will succeed Marco as CEO. Vince brings a unique “skills combination for the role, where he combines his knowledge of IGT with his demonstrated ability to create shareholder value with decades of leadership roles in public and private companies in dynamic industries, including digital and media. His transition to CEO role will be relatively seamless.” sa Lorenzo Pellicioli, President of IGT.

“I look forward to taking on the new role of Executive Chairman of IGT and working with Vince, with whom I have worked extensively over the years, to lead IGT forward. I believe our knowledge and experience complement each other and will serve our stakeholders well. In particular, Vince’s extensive experience in portfolio companies and capital markets will be valuable when we want to implement our strategy. ” sa Marco Sala, CEO of IGT.

“IGT is well positioned for the future, and I am very pleased to join the company as its next CEO. With an experienced management team and a very talented group of employees around the world, it represents a fantastic opportunity for me to support an industry leader in the next phase of its growth. “ sa Vincent Sadusky.

The Board also appointed Maria Pinelli and Ashley Hunter as non-executive board members. Hunter was also appointed to the company’s nomination and corporate governance committee and Pinelli was appointed chairman of the company’s audit committee and replaced Vincent Sadusky. These amendments entered into force on 14 January 2022.

“We are pleased to have Maria and Ashley on our board. They bring both deep and diverse professional experience to IGT to improve our board composition. We look forward to their contribution.” sa Lorenzo Pellicioli, President of IGT.

Biographies of CEO and director

Lorenzo Pellicioli was chairman of IGT’s board from November 2018 to January 2022 after having been vice chairman since April 2015. From August 2006 to April 2015, he was chairman of GTECH SpA (formerly Lottomatica Group) board. He has been CEO of De Agostini SpA since November 2005. He has also been a board member of IdeA Alternative Investments SpA and as CEO of DeA Factor SpA. Pellicioli is Chairman of the Board of DeA Capital, as a Board Member of Banijay Group SAS and LDH SAS, and he is also a Member of the Remuneration Committee and of the Nomination and Corporate Governance Committee and a Board Member of Assicurazioni Generali.

Marco Sala was CEO of IGT from April 2015 to January 2022. In addition to sitting on the board of IGT in his role as CEO, he was appointed in May 2020 to the board of De Agostini SpA Before April 2015, he was CEO of GTECH SpA (formerly Lottomatica Group) since April 2009 and was responsible for overseeing all segments of the company including America, internationally, Italy and products and services. He joined the company as co-general manager in 2003 and has since been a board member. In August 2006, he was appointed CEO with responsibility for the company’s Italian operations and other European activities. Previously, he was CEO of Buffetti, Italy’s leading retail chain for office equipment and supplies. Prior to Buffetti, Sala was Head of Business Directories at SEAT Pagine Gialle. Earlier in his career, he worked at Magneti Marelli (a company in the Fiat Group) and Kraft Foods.

Vincent Sadusky was CEO and board member of Univision Communications from 2018 to 2020, the largest Latin American media company in the United States, operating several broadcast and cable networks, local TV and radio stations, digital video and audio streaming. Prior to Univision, he was CEO and board member from 2014 to 2017 in Media General, a local TV station and digital media company with more than 50 TV stations and 5,000 employees. Between 2006 and 2014, he was CEO and board member of LIN Media, a local TV station and a digital media company. He was also CFO of LIN Media from 2004 to 2006 and CFO of Telemundo Communications from 1999 to 2004. In addition to serving on IGT’s Board since 2010 and most recently as Chairman of its Audit Committee, Sadusky has served on the boards of Paley Center for Media. National Association of Broadcasters and was treasurer of the NBC Affiliates Board. Earlier in his career, he worked at Ernst & Young and co-founded JVB Financial Group and Zeus Financial, an interest-bearing securities trading company.

Maria Pinelli is a Global C-Suite Manager who currently serves as a board member of Globant and a board member and chairman of the Audit Committee of Archer Aviation, Inc. and Clarim Acquisition Corp. She has held a variety of leadership roles at EY from October 1986 to November 2020, including Consumer Products and Retail Leader, Global Vice President – Strategic Emerging Markets, Global IPO Leader and America’s Leader – Strategic Emerging Markets. In her role as an advisor at EY, she successfully led more than 20 IPOs in four different countries and more than 25 M&A transactions worldwide. Her experience includes strategic transactions and due diligence consulting, Sarbanes-Oxley implementation and stakeholder management. She has served as an advisor to some of the world’s most iconic e-commerce, consumer products and retail brands.

Ashley Hunter has been a lecturer at the University of Texas at the Austin School of Information since 2015, and is a founding partner of A. Hunter & Company, a leading risk management consulting firm. Previously, she was the CEO of HM Risk Group LLC, where she helped many start-ups and companies with alternative risk transfer systems and reinsurance placement, globally. Under her leadership, HM Risk Group became a leader in the development of niche insurance products for the sharing and reproduction technology industry. Prior to founding HM Risk Group in 2006, she worked in various tort and insurance management positions for State Farm Insurance Companies, The Hartford Insurance Company and AIG Insurance Company.

Related