GGRAsia – GTech Americas CEO Patel leaving in March

GTech Americas CEO Patel leaving in March

Feb 12, 2015 Newsdesk Industry Talk, Latest News

Italy-based lottery management specialist GTech SpA on Thursday announced that Jaymin Patel (pictured), president and chief executive of GTech Americas and a board member of the parent company, is resigning effective March 27. GTech said Mr Patel is leaving to pursue a new opportunity.

“It has been a great privilege to serve as a member of GTech’s leadership team, working toward a shared vision of helping lotteries and gaming customers around the world raise funds for good causes,” Mr Patel said in Thursday’s statement.

“Whilst I have chosen to pursue a new path, I will remain a proud GTech shareholder and I am confident that even greater accomplishments are yet to come for the company, and I am excited for its future.”

Mr Patel, who joined GTech in 1994, holds 193,070 shares of the company, representing approximately 0.1 percent of the firm’s share capital.

“I have always relied on Jaymin’s insights and guidance. It is clear to me that one of the primary reasons GTech is the leader in the global gaming industry today is because of his contributions. I fully expect him to have continued success in his new career,” Marco Sala, CEO of the parent company, said in the statement.

Mr Patel was announced on the same day as president and CEO of U.S.-based Brightstar Corp. The company manufactures, markets, and distributes wireless equipment.

GTech is in the process of acquiring slot machine maker International Game Technology (IGT). Shareholders of IGT approved the US$6.4-billion deal on Tuesday.