Global gaming and lottery supplier International Game Technology Plc (IGT) is establishing a “centralised administrative services organisation”.
The move is “part of the continued evolution of the corporate functions integration”. It aims “to achieve greater efficiencies through the consolidation, coordination and management of global activities related to the administrative support of the company,” IGT said in a Tuesday press release.
The firm added: “With an expansive operational footprint that spans over 100 countries, IGT has grown to have more than 5 million square feet [465,000 sq metres] of space under management and procures well over US$1 billion worth of goods and services annually. A new central administrative services organisation has been created to ensure the proper delivery of goods and services to help drive the operation of the business units and to capture the naturally-resulting improved synergies from centralisation.”
IGT is the result of a US$6.4-billion merger – completed in April 2015 – between International Game Technology, a Nevada-based supplier of slot machines, and Italy-based lottery equipment specialist GTech SpA.
Robert Vincent, who was already with the IGT group, will lead the new central administrative services. He will take on a new role as executive vice president for administrative services and external relations, the firm stated.
“IGT has reached a point of requiring an increased level of global coordination and oversight of the acquisition and management of critical assets including cyber security,” company chief executive Marco Sala said in a prepared statement commenting on the new central administrative services.
In a separate release issued also on Tuesday, IGT announced the appointment of Mario Di Loreto as executive vice president of human resources, organisation and transformation. He will be responsible “for providing the overall human resources leadership and strategy to further organisational development,” the firm stated.
Prior to joining IGT, Mr Di Loreto was executive vice president for human resources and organisation at Telecom Italia Group, a telecommunication conglomerate based in Italy.
IGT’s chief executive of international, Walter Bugno, stated last month that the firm would be “really focused” on expanding in Asia and Australia.
“Asia because we are severely under-represented; it was never a focus for either of the two legacy businesses,” he explained at the time, during an investor presentation day.
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Chairman and chief executive of Philippine Amusement and Gaming Corp