IGT Names Adam Chibib as CFO to Steer Operational and Financial Overhaul

International Game Technology PLC (IGT) has selected Adam Chibib to become its new Chief Financial Officer, effective 1 November 2026, assuming completion of required regulatory approvals. Chibib’s mandate is to support IGT’s financial and operational transformation, with an explicit remit to align capital allocation with evolving business priorities and ensure disciplined execution.

Adam Chibib to Guide IGT’s Financial Strategy

Chibib will join IGT following a 17-month term as CFO at Raptor Technologies, where he managed finance functions for the school safety software provider. His gaming sector background includes serving as chair at American Gaming Systems (AGS) from 2018 to 2025 and a near five-year stint as CFO at Self Financial, which focuses on credit building tools. IGT stated that Chibib’s role will be to "align financial strategy, capital priorities and business execution to support IGT’s long-term objectives."

Chibib acknowledged the challenge:

"I look forward to working with Hector, the leadership team and the finance organisation to strengthen financial and operating discipline, align capital with our highest priorities and build a durable foundation for growth," he said in the announcement.

Succession at IGT: Transition from Fabio Celadon

The outgoing CFO, Fabio Celadon, has worked with IGT since 2002, tracing back to its ownership of Italian gaming operator Lottomatica. Over more than two decades, Celadon has managed the supplier’s gaming portfolio as Senior Vice-President and directed its business interests in Greater China. After the merger between IGT and Everi in July 2025 under Apollo Global Management, Celadon was appointed CFO. With the current transition, Celadon will remain in his post through 31 October, then shift to an advisory role until the close of 2026 to facilitate the handover.

IGT CEO Hector Fernandez, who assumed his position in December 2024 after serving as head of Aristocrat, pointed to Chibib’s mix of public company, private equity and gaming experience as an advantage, commenting:

"Adam brings the public company, private equity and gaming experience we need for this stage of IGT’s transformation. His financial discipline and operating mindset will be important as we sharpen execution and strengthen cash flow creation. I also want to thank Fabio for more than two decades of leadership and commitment to IGT," Fernandez said.

Corporate Realignment: IGT, Apollo, and Brightstar Lottery

IGT has undergone significant change over the past 24 months. In July 2025, IGT merged operations with Everi Holdings under Apollo’s stewardship, retaining Celadon during the early phase of integration. Meanwhile, the lottery arm of IGT—excluded from the Apollo transaction—was spun out and rebranded as Brightstar Lottery, now led by Vince Sandusky.

Workforce realignments have also formed part of the supplier’s recent corporate strategy. In March, the Las Vegas Review-Journal reported IGT was executing a reduction of 10% in headcount as part of an effort to streamline operations and focus resources on growth verticals.

Implications for Gaming Suppliers and Competitors

IGT’s appointment of a CFO with both extensive gaming supplier and private equity experience reflects a wider phase of consolidation and reshaping among major platform providers. The change aims to bring tighter operating discipline and improved capital deployment to support shareholder value. Market participants will be measuring IGT’s financial performance, management of its core casino and lottery operations, and ability to adapt following the realignment.

Chibib’s background at AGS—where he presided during a varied growth period—and his work at Self Financial positions him to navigate the complexities of IGT’s ongoing transformation. The company’s operating leadership now includes a blend of legacy figures and newly recruited executives, including Fernandez and Sandusky.

Transition Timeline and Next Steps

Fabio Celadon will remain CFO until the end of October 2026, continuing as an adviser until year-end to ensure institutional continuity and transfer of financial oversight. Chibib’s full assumption of duties depends on completing necessary regulatory sign-offs prior to 1 November.

Industry observers will watch how IGT’s new executive team addresses operational efficiency, capital priorities, and growth in core and adjacent verticals over the coming quarters.