Alberto Fornaro, Executive Vice President and Chief Financial Officer of IGT, has resigned from the firm to pursue other professional opportunities. He will continue in his current position until January 31, 2020, to ensure a smooth transition said the company in a statement. 

IGT’s board of directors has unanimously approved the appointment of Timothy Rishton, currently Senior Vice President and Chief Accounting Officer, as interim CFO during the search for a permanent replacement. It has initiated a global search with a leading executive search firm to find a permanent successor.

CEO Marco Sala said: “I would like to thank Alberto, both personally and on behalf of the IGT Board of Directors, for his leadership and outstanding contribution during the last eight years as CFO of first GTECH and later IGT. 

“Alberto played a significant role in improving our financial and operational performance, including helping to secure large, strategically important contracts for the next several years. We look forward to an orderly and seamless transition of his responsibilities, and wish him well in his future endeavors.” 

Fornaro commented: “It has been a great honor to serve as IGT CFO and to participate in the company’s success during the last eight years. With the recent completion of important refinancing activity and a strong finance organization in place, it is the right time for me to move on to a new challenge.”