IGT has announced a reshuffle of its executive and board leadership structure, stemming from the retirement of Lorenzo Pelliciolo from his role as Chairperson of the Board.
Pelliciolo will depart as Chairperson on January 24, however, will remain at the firm, acting as a Non-Executive Director.
Marco Sala, currently IGT’s CEO, will take on a new role as Executive Chair of the Board, replacing Pelliociolo after 19-years of service to the company.
“The changes to the IGT executive team and board are an important step in positioning the company for the next phase of its evolution,” commented Pelliciolo. “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.”
Subsequently, Vincent Sadusky will become CEO and Executive Director of the Board, filling the vacant role left behind by Sala.
“Likewise, we are delighted to announce that Vince Sadusky, a seasoned executive, a long-time member of the current IGT board as well as that of its predecessor companies and the former Chair of our audit committee will succeed Marco as CEO,” added Pelliciolo.
“Vince brings a unique set of skills to the role, where he combines his knowledge of IGT with his demonstrated ability to create shareholder value with decades in leadership roles in public and private companies in dynamic industries, including digital and media. His transition into the CEO role will be relatively seamless.”
Meanwhile, B&D Holding S.p.A.announced that Sala will be proposed at the June 2022 meeting of the corporate bodies of De Agostini as its next CEO, succeeding the outbound Pellicioli.
“I am looking forward to taking on the new role of executive chair at IGT and to partner with Vince, with whom I have worked extensively over the years, in leading IGT forward,” explained Sala on his new role.
“I believe our skills and experiences are complementary and will serve our stakeholders well. In particular, Vince’s vast experience with portfolio companies and capital markets will be valuable as we look to execute on our strategy.”
Vincent Sadusky concluded: “IGT is well-positioned for the future, and I am very excited to join the company as its next CEO. With a seasoned executive team and very talented group of employees across the world, it represents a great opportunity for me to support an industry leader in the next phase of its growth.