Massimiliano Chiara has been appointed by International Game Technology (IGT) as its new executive vice president and chief financial officer effective from 6 April. Chiara will be replacing Alberto Fornaro, who announced in December 2019 that he was to step down as CFO.
Timothy Rishton, the Chief accounting officer, in recent months, has been serving in the role temporarily.
Chiara was the chief financial officer and chief sustainability officer at Dutch agricultural equipment manufacturer CNH Industrial.
Previously, Chiara also held several commercial and operational roles at Fiat Chrysler and was a consultant at PricewaterhouseCoopers Advisory. Chiara said it was a great honor to be joining an iconic gaming industry leader. He also said he is looking forward to working with IGT’s strong leadership team and assisting the company in achieving its strategic and financial goals.
Marco Sala, the IGT chief executive, stated they are excited to have Max join the IGT team, both as a member of his senior leadership team and as a board member. He also said Chiara’s high standards of excellence and his broad and deep background in all facets of global finance and operations would be tremendous assets to his organization. In the meantime, Beatrice Bassey has been appointed by IGT as an independent director with immediate effect. Currently, she is serving as the chief compliance officer, group general counsel, and corporate secretary of banking company Atlas Mara.
Besides, IGT has reported that Paget Alves will not stand for election at its upcoming annual general meeting scheduled for 6 April since he will have retired from IGT’s board. Alves was recently serving on both the audit and compensation committees. On the other hand, IGT chairman Lorenzo Pellicioli said that the extensive experience of Beatrice in the highly dynamic and regulated banking sector is a valuable perspective to add to IGT’s board. He thanked Paget for his many years of service to IGT.