International Game Technology (IGT) has now officially announced that Hector Fernandez has joined the company as its new CEO, ushering in a ‘new era of leadership’.
In a company release, Fernandez noted that “This is a company with strong talent, deep industry relationships, and significant potential. As we bring together the legacy IGT and Everi teams, in partnership with Apollo, we have an opportunity to evolve how we operate, innovate, and deliver for our customers”.
The Apollo Global Management fund manager combined IGT’s Digital & Gaming Business with Everi Holdings, at a deal valued at upwards of $6 billion, which was completed mid-year. The combined enterprise operates under the IGT name, while retaining the Everi brand in ‘select markets and product lines’.
Fernandez now comes on to lead the new joint company, leveraging his previous experience as CEO of Aristocrat Gaming and strong background in finance.
Amongst the shift, former interim enterprise CEO and CEO of the Gaming business unit Nick Khin is stepping down and ‘transitioning into a role as a strategic advisor to the senior leadership team and board of directors’.
Speaking of the change, Fernandez noted that “His leadership through this transition period has been invaluable to the organization, and I want to thank him for his dedication and impact”.
The group notes that ‘IGT’s Digital business unit will continue to be led by Gil Rotem and IGT’s FinTech business unit will continue to be led by Darren Simmons’.
