Casino equipment maker and lottery provider International Game Technology Plc (IGT) said its board of directors had applied the changes to the company's board of directors and executives.
Marco Drago has decided to step down as a non-executive director of IGT's board of directors, according to a press release on Thursday. "Marco Drago will serve the remainder of his term and leave the board at the end of the company's annual general meeting on May 14, 2024," the game supplier said.
IGT operates three main categories: Global Lottery, Global Gaming, and PlayDigital, an online content division.
In late February, it announced plans to spin off its global gaming and play digital division and merge with another gaming technology provider, Everly Holdings.
IGT shareholders are expected to own about 54% of the combined company, with Vince Sadusky, IGT's group chief executive, leading the combined corporation.
In Thursday's announcement, IGT said Enrico Drago has been appointed as a non-executive director of IGT's board of directors, and will now resign as CEO of IGT Play Digital.
Gil Rotem, who is currently iGaming president of IGT PlayDigital, will "expand his role" to become president of IGT PlayDigital. He will report directly to Sadski.
Changes related to IGT PlayDigital will take effect on April 1, the company said.
The update on Thursday quoted IGT board chairman Marco Salah as saying Marco Drago appreciated his "year-long service and unwavering commitment to delivering results and creating value for all IGT stakeholders." 파워볼사이트
"Enrico Drago joining the board and leaving IGT's executive position is a natural evolution that underpins the company's vision for the next era of growth and innovation," Salah added
IGT reported full-year shareholder net income of $4.315 billion in 2023, up 2.0% year-over-year. The company said it achieved a "record" adjusted EBITDA of nearly $1.78 billion in 2023, up 6.9% year-over-year.