The new structure, which is designed to provide greater responsiveness to customers and players, sees the business divided into autonomous global gaming and global lottery segments. According to the company, the measure will help IGT become more effective and competitive in providing products and solutions to address opportunities in each market segment, as well as harmonising best practices across B2B and B2C channels.
Renato Ascoli, who previously served as CEO of firm’s unit in North America, will become CEO of the Global Gaming divison. Fabio Cairoli, former IGT CEO in Italy, will serve as CEO of Global Lottery.
The company will start reporting its financial results under these two business segments starting with the third quarter of 2020.
"A simplified organizational structure grounded in our core competencies creates a stronger, more focused IGT. We have always maintained a customer-first mentality and are positioning ourselves to meet ever-evolving needs in a dynamic, global Marketplace,” said Marco Sala, CEO of IGT.
“Global product segments enable us to leverage our extraordinary talent, unique insights as both an operator and service provider, and economies of scale to continue delivering unrivalled gaming experiences and create value for all stakeholders," added Sala.
Global Gaming will have full responsibility for the IGT Gaming business, consolidating North America, International and Italy B2C Gaming responsibilities.
Global Lottery will have full responsibility for the IGT Lottery business, consolidating North America, International and Italy. This structure enhances global strategic vision and framework, leveraging proven customer focus and execution while positioning the organization for improved collaboration and best practices sharing.