Global gaming supplier IGT has announced the appointment of Adam Chibib, a veteran of the tech sector, as its new Chief Financial Officer effective 1 November 2026, with the company citing a plan to advance its financial and operational transformation.
He replaces Fabio Celadon in the role, with Celadon to remain CFO through 31 October and then serve as an advisor until the end of the year to support a smooth transition.
According to information from IGT, Chibib brings more than three decades of financial and operational leadership across public companies, private equity backed businesses and high growth technology organizations to the company, most recently as CFO of Raptor Technologies, which was acquired by Warburg Pincus in January following a significant transformation under the ownership of Thoma Bravo and JMI Equity.
It added that his gaming experience includes serving as President and CFO of Multimedia Games, where he is said to have helped double revenue, triple profitability and increase the company;s market capitalization from approximately $47 million to more than $1 billion before its $1.2 billion acquisition. He later served as Chairman of the Board and Chair of the Audit Committee of playAGS through its acquisition in 2025.
“Adam brings the public company, private equity and gaming experience we need for this stage of IGT’s transformation,” said Hector Fernandez, IGT’s Chief Executive Officer. “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. He has helped guide the company through significant change and has been a trusted partner across the business.”
Added Chibib, “IGT has a strong portfolio, leading market positions and a clear opportunity to create value. I look forward to working with Hector, the leadership team and the Finance organization to strengthen financial and operating discipline, align capital with our highest priorities and build a durable foundation for growth.”
IGT explained that it is executing a transformation focused on operating discipline, portfolio performance and cash flow creation across its Gaming, Digital and FinTech businesses. As CFO, Chibib will be tasked with leading the company’s global finance organization and helping align financial strategy, capital priorities and business execution to support IGT’s long-term objectives, the company said.
RelatedPosts
