International Game Technology announced the resignation of Chief Financial Officer Alberto Fornaro, to be replaced on an interim basis by Chief Accounting Officer Timothy Rishton.
London-based gaming supplier International Game Technology Plc. announced the resignation of Alberto Fornaro, executive vice president and chief financial officer, who is leaving “to pursue other professional opportunities.
IGT’s board unanimously approved Timothy Rishton, the company’s senior vice president and chief accounting officer, to replace Fornaro as interim CFO.
Fornaro will continue in his current position through January 31, 2020, to ensure a smooth transition for the company.
“I would like to thank Alberto, both personally and on behalf of the board of directors, for his leadership and outstanding contributions during the last eight years as CFO, of first GTECH and later IGT,” said Marco Sala, CEO of 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 endeavors.”
“It has been a great honor to serve as IGT CVO and to participate in the company’s success during the last eight years,” said Fornaro. “With the recent completion of important refinancing activity and a strong finance organization in place, it is the right time for me to move on to a new challenge.
