International Game Technology PLC announced that on January 14, its board of directors implemented a number of changes to the company’s executive team and board.
Lorenzo Pellicioli will retire as chairman of the IGT board of directors and will remain a non-executive director. Marco Sala, currently CEO of IGT, will become executive chairman of the board. Vincent Sadusky will become CEO and executive director of the board. These changes will be effective January 24.
In a separate release, B&D Holding S.p.A., the controlling shareholder of De Agostini S.p.A., announced that Marco Sala will be proposed at the June 2022 meeting of the corporate bodies of De Agostini as the next CEO of De Agostini, succeeding Lorenzo Pellicioli, who is retiring from the position.
“The changes to the IGT executive team and board are an important step in positioning the company for the next phase of its evolution,” said Sala. “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.”
“Likewise, we are delighted to announce that Vince Sadusky, a seasoned executive and longtime 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,” said Pellicioli.
“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.”
“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,” Sala said, :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.”
“IGT is well-positioned for the future,” said Sadusky, “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.”
The board of directors also appointed Maria Pinelli and Ashley Hunter as non-executive directors of the board. Hunter was also appointed to the company’s Nominating and Corporate Governance Committee and Pinelli was appointed chair of the company’s Audit Committee, replacing Sadusky.
“We are delighted to have Maria and Ashley join our board,” Pellicioli said. “They both bring deep and diverse professional experiences to IGT to enhance our board composition. We are looking forward to their contributions.”