GGRAsia – James Hurley to lead GTech’s investor relations

James Hurley to lead GTech’s investor relations

Feb 24, 2015 Newsdesk Industry Talk, Latest News

Lottery equipment and management specialist GTech SpA announced that James Hurley is joining the company as senior vice president of investor relations, overseeing analyst and investor engagement strategies.

The appointment was effective from Monday, GTech said in a press release.

Mr Hurley will report to GTech’s executive vice president and chief financial officer Alberto Fornaro.

GTech is in the process of acquiring U.S.-based slot machine maker International Game Technology (IGT) for US$6.4 billion, comprised of US$4.7 billion in cash and stock, and the assumption of US$1.7 billion in net debt. Following the deal, the group is expected to be listed in the New York Stock Exchange.

“GTech’s financial communications strategy must take into account the highly regulated environment in which it operates and the diversity of business segments it covers, a scale that will be further enlarged with the upcoming acquisition of IGT,” Mr Fornaro said in a statement.

From 2007, Mr Hurley was vice president of investor relations at U.S.-based apparel and retail company Ralph Lauren Corp. His earlier finance career included equity research with Bear Stearns and Telsey Advisory Group, as well as banking experience with JP Morgan.