Plus   Neg

International Game Technology Announces New Organizational Structure - Quick Facts

International Game Technology PLC (IGT) announced a new organizational structure focused on two segments: Global Gaming and Global Lottery, effective from July 1, 2020. The Global Gaming and Global Lottery segments will have all of the key operating capabilities and autonomy necessary to manage the business. The company will start reporting its financial results under these two business segments starting with the third quarter of 2020.

Renato Ascoli will serve as CEO, Global Gaming; Fabio Cairoli will serve as CEO, Global Lottery. Renato Ascoli previously served as CEO, North America of IGT PLC. Fabio Cairoli served as CEO Italy of IGT PLC.

The Global Gaming and Global Lottery segments will be supported by central corporate support functions that remain largely unchanged from a leadership standpoint, with the addition of a New Business and Strategic Initiatives function. Walter Bugno will lead New Business and Strategic Initiatives corporate function. Walter Bugno previously served as CEO, International of IGT PLC.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
General Electric Co. filed a lawsuit against Siemens Energy AG, accusing the German power distribution company of stealing trade secrets for gas turbines. Siemens Energy allegedly used the information to get at least nine contracts to supply gas turbines to public utilities, and also covered up improper business gains. Following a court ruling, the U.S. Food and Drug Administration postponed the effective date for tobacco manufacturing companies to display new health warnings on cigarette packets and in advertisements, by additional 90 days. The warnings with color images is to promote greater public understanding of the negative health consequences of smoking. JPMorgan Chase & Co (JPM) reported strong results in the fourth quarter of 2020, with net profit up 42% largely driven by credit reserve releases of $2.9 billion. The Group said it ended the year with a CET1 ratio of 13.1% and capital above $200 billion, providing with meaningful capacity to further...
Follow RTT