IGT reshuffles leadership as CEO Sala becomes Executive Chair
International Game Technology (IGT) has announced that the company’s CEO Marco Sala will replace Lorenzo Pelliciolo as its Executive Chair.
Pelliciolo is retiring from the role of Chairperson and will depart on January 24. He will remain at the company as a Non-Executive Director.
Sala 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,” said 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.”
In turn, Sala will be replaced as CEO by Vincent Sadusky, who will also become Executive Director of the Board.
“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.”
Sadusky’s boardroom duties will be filled by Maria Pinelli and Ashley Hunter, who have been appointed as non-executive directors. Pinelli will directly replace Sadusky position on IGT’s audit committee.