IGT’s Executive Vice President and Chief Financial Officer, Alberto Fornaro, has resigned from the company to pursue other professional opportunities. To ensure a smooth transition, the company said in a statement, he will continue in his current position until January 31, 2020.
The Board of Directors of IGT accepted unanimously the selection of Timothy Rishton, currently Senior Vice President and Chief Accounting Officer, as interim CFO in the hunt for a permanent replacement. It has initiated a global search for a permanent successor with a leading executive search firm.
CEO Marco Sala 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. We look forward to an orderly and seamless transition of his responsibilities, and wish him well in his future endeavours.”
Fornaro commented: “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.”