IGT has appointed Massimiliano Chiara as EVP and CFO, while Beatrice H. Bassey has been named as an independent director, and Paget Alves has announced his decision to retire from the company’s board.
Massimiliano Chiara has been appointed EVP and CFO of IGT. Chiara has also been appointed to the company’s board of directors effective as of the first IGT board meeting after 6 April.
“We are excited to have Max join the IGT team, both as a member of my senior leadership team and as a board member,” said Marco Sala, IGT’s CEO. “His broad and deep background in all facets of global finance and operations, in addition to his high standards of excellence, will be tremendous assets to our organisation.”
Chiara joins IGT from CNH Industrial N.V., where he most recently served as CFO and chief sustainability officer. He previously held various financial and operational roles at Fiat Chrysler and, amongst other prior positions, as a consultant at PricewaterhouseCoopers Advisory.
“It is a great honour to be joining an iconic gaming industry leader,” said Chiara. “I look forward to working with IGT’s strong leadership team and assisting the Company in achieving its strategic and financial goals.”
IGT’s board of directors has also appointed Beatrice H. Bassey as an independent director. Bassey is currently group general counsel, chief compliance officer, and corporate secretary of Atlas Mara Ltd. and serves on the boards of Union Bank of Nigeria PLC, African Banking Corporation of Botswana Ltd., and Banque Populaire du Rwanda.
“Beatrice’s extensive experience in the highly dynamic and regulated banking sector, in addition to her extensive international exposure, are valuable perspectives to add to IGT’s board,” said Lorenzo Pellicioli, chairman of IGT.
Paget Alves has notified the company that he will retire from IGT’s board and will not stand for election at IGT’s upcoming annual general meeting. Alves has been a director of IGT and its predecessor companies for over a decade and has most recently served on both the Audit Committee and Compensation Committee.
“Paget has been instrumental in supporting IGT and the board during many chapters of the Company’s history. We would like to thank Paget for his many years of service to IGT,” Pellicioli added.