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MarketScreener Homepage  >  Equities  >  Nyse  >  International Game Technology PLC    IGT   GB00BVG7F061

INTERNATIONAL GAME TECHNOLOGY PLC (IGT)
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International Game Technology : IGT Appoints Christopher Spears As Senior Vice President And General Counsel

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10/25/2017 | 02:54pm CEST

International Game Technology PLC ('IGT') (NYSE: IGT) has announced that Christopher Spears is joining the Company to lead its legal team.

As Senior Vice President and General Counsel, Spears will be responsible for overseeing all legal and corporate governance matters for the Company, and will report to IGT Executive Vice President and Chief Financial Officer Alberto Fornaro.

IGT is the global leader in gaming. We enable players to experience their favorite games across all channels and regulated segments, from Gaming Machines and Lotteries to Interactive and Social Gaming. Leveraging a wealth of premium content, substantial investment in innovation, in-depth customer intelligence, operational expertise and leading-edge technology, our gaming solutions anticipate the demands of consumers wherever they decide to play. We have a well-established local presence and relationships...

Spears will replace Neil Abrams, who is retiring from the Company effective Dec. 31, 2017, and who has transitioned to the role of Senior Advisor to the CFO until his retirement.

'As IGT faces significant opportunities in our rapidly evolving industry, Chris Spears' skills and depth of experience with an international Fortune 500 company will foster strong partnerships with IGT's leadership, and ensure that we responsibly meet our growth objectives,' said Alberto Fornaro, IGT Executive Vice President and Chief Financial Officer. 'Neil Abrams has been a valued member of the Senior Executive team at IGT. He played a key role in supporting the Company through critical activities during and after the merger completion. We thank him for his service, and wish him well in this new chapter of his life.'

Spears has 19 years of experience in positions of increasing scope and responsibility with Caterpillar Inc., the world's leading manufacturer of construction and mining equipment. Most recently, he was Group General Counsel - Commercial and International Operations where he led a large, international team of legal professionals responsible for providing comprehensive legal support to Caterpillar business units around the globe. Prior to that, he held several positions, including Chief Ethics and Compliance Officer; Deputy General Counsel; Associate General Counsel - Securities, Tax and Regulatory; and, while based in Singapore, General Counsel - Asia-Pacific. Before joining Caterpillar, he was an Associate Attorney in the Corporate and Securities Practice Group with Greenebaum Doll & McDonald PLLC.

Spears has Juris Doctor and Master of Business Administration degrees from the University of Kentucky, and a Bachelor of Science degree in Business Administration from Berea College in Kentucky.

About IGT

IGT (NYSE:IGT) is the global leader in gaming. We enable players to experience their favorite games across all channels and regulated segments, from Gaming Machines and Lotteries to Interactive and Social Gaming. Leveraging a wealth of premium content, substantial investment in innovation, in-depth customer intelligence, operational expertise and leading-edge technology, our gaming solutions anticipate the demands of consumers wherever they decide to play. We have a well-established local presence and relationships with governments and regulators in more than 100 countries around the world, and create value by adhering to the highest standards of service, integrity, and responsibility. IGT has over 12,000 employees. For more information, please visit www.igt.com.

IGT Contacts:

Robert K. Vincent, Corporate Communications, toll free in U.S./Canada (844) IGT-7452; outside U.S./Canada (401) 392-7452

James Hurley, Investor Relations, (401) 392-7190

Simone Cantagallo, (+39) 06 51899030; for Italian media inquiries

(C) 2017 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
CATERPILLAR -0.19% 141.8 Delayed Quote.-9.84%
INTERNATIONAL GAME TECHNOLOGY PLC 0.82% 17.12 Delayed Quote.-35.42%
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Financials ($)
Sales 2018 4 901 M
EBIT 2018 1 001 M
Net income 2018 132 M
Debt 2018 7 655 M
Yield 2018 4,67%
P/E ratio 2018 35,01
P/E ratio 2019 20,58
EV / Sales 2018 2,27x
EV / Sales 2019 2,15x
Capitalization 3 467 M
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Mean consensus OUTPERFORM
Number of Analysts 8
Average target price 28,3 $
Spread / Average Target 65%
EPS Revisions
Managers
NameTitle
Marco Sala Chief Executive Officer & Director
Alberto Fornaro Chief Financial Officer & Executive Vice President
Alberto Dessy Independent Non-Executive Director
James Francis McCann Independent Non-Executive Director
Vincent L. Sadusky Independent Non-Executive Director
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