Gaming equipment provider International Game Technology named Massimiliano “Max” Chiara as chief financial officer Monday. He was also appointed to the company’s board.
The appointments take effect on April 6.
Also, IGT announced Beatrice Bassey was appointed the IGT board as an independent director, while director Paget Alves has decided to step down.
“We are excited to have Max join the IGT team, both as a member of my senior leadership team and as a board member,” said Marco Sala, IGT CEO. “His broad and deep background in all facets of global finance and operations, in addition to his high standards of excellence, will be tremendous assets to our organization.”
Chiara joins IGT from CNH Industrial N.V., where he was CFO. Chiara previously held financial and operational roles at Fiat Chrysler and was a consultant at PricewaterhouseCoopers Advisory.
Bassey was appointed to her director position last week. She is currently general counsel of Atlas Mara Ltd. and serves on the boards of Union Bank of Nigeria PLC, African Banking Corporation of Botswana Ltd., and Banque Populaire du Rwanda.
“Beatrice’s extensive experience in the highly dynamic and regulated banking sector, in addition to her extensive international exposure, are valuable perspectives to add to IGT’s board,” IGT Chairman Lorenzo Pellicioli said in a statement.
Alves, who has been a director of IGT and its predecessor companies for more than a decade, said he would retire following the upcoming annual general meeting.
“Paget has been instrumental in supporting IGT and the board during many chapters of the Company’s history,” Pellicioli said.
IGT has corporate offices in Rome and London with U.S. offices in Rhode Island and Nevada.
Shares of IGT, which have fallen 78% in the last month over fears of the coronavirus outbreak, closed at $4.50 Monday, down 4 cents or 0.88%.
