IGT appoints Adam Chibib as Chief Financial Officer

(PRESS RELEASE) -- IGT announced the appointment of Adam Chibib as Chief Financial Officer, effective 1 November 2026, subject to receipt of all required regulatory approvals. Chibib will succeed Fabio Celadon, who will remain CFO through 31 October and then serve as an advisor through 31 December 2026, to support a smooth transition.

Chibib brings more than three decades of financial and operational leadership across public companies, private equity backed businesses and high growth technology organizations, contributing to six successful exits. Most recently, he served as Chief Financial Officer of Raptor Technologies, which was acquired by Warburg Pincus in January 2026 following a significant transformation under the ownership of Thoma Bravo and JMI Equity.

His gaming experience includes serving as President and Chief Financial Officer of Multimedia Games, where he helped double revenue, triple profitability and increase the company's market capitalization from approximately $47 million to more than $1 billion before its $1.2 billion acquisition. He later served as Chairman of the Board and Chair of the Audit Committee of playAGS through its acquisition in 2025. His earlier experience includes financial leadership roles at Self Financial, NetSpend and several technology companies.

"Adam brings the public company, private equity and gaming experience we need for this stage of IGT's transformation," said Hector Fernandez, Chief Executive Officer of IGT. "His financial discipline and operating mindset will be important as we sharpen execution and strengthen cash flow creation. I also want to thank Fabio for more than two decades of leadership and commitment to IGT. He has helped guide the company through significant change and has been a trusted partner across the business."

"IGT has a strong portfolio, leading market positions and a clear opportunity to create value," said Adam Chibib, incoming Chief Financial Officer of IGT. "I look forward to working with Hector, the leadership team and the Finance organization to strengthen financial and operating discipline, align capital with our highest priorities and build a durable foundation for growth."

IGT is executing a transformation focused on operating discipline, portfolio performance and cash flow creation across its Gaming, Digital and FinTech businesses. As Chief Financial Officer, Chibib will lead the company's global Finance organization and help align financial strategy, capital priorities and business execution to support IGT's long-term objectives.

Celadon's career with IGT and its predecessor companies spans more than two decades. Since becoming Chief Financial Officer of Lottomatica S.p.A. in 2002, he has served in senior leadership roles across finance, strategy, corporate development and international operations in Europe, North America and Asia. Throughout his tenure, he has helped guide the company through periods of significant change.