International Game Technology (IGT) has revealed a significant leadership transition slated for January 1, 2024. Tim Rishton, IGT Senior Vice President (SVP) and Chief Accounting Officer, will retire at the end of 2024 after nearly three decades of dedicated service to the company. David Morgan, currently IGT Vice President (VP) and Corporate Controller, is set to step into the role of SVP and Chief Accounting Officer.
Tim Rishton’s Retirement:
Tim Rishton’s impending retirement marks the conclusion of a remarkable career spanning almost thirty years with IGT. As a key figure within the company, Rishton’s leadership, strategic vision, industry knowledge, discipline, and integrity have left an indelible mark on the organization. His instrumental role in pivotal milestones, such as the delisting of GTech from the Borsa Italiana stock exchange and its subsequent relisting as IGT on the New York Stock Exchange in 2015, showcases his enduring impact on IGT’s evolution.
Leadership Acknowledgment:
Max Chiara, IGT Executive Vice President (EVP) and Chief Financial Officer (CFO), extended congratulations to Tim Rishton on behalf of the leadership team at IGT. Chiara praised Rishton’s contributions, emphasizing the lasting influence of his leadership on the organization. Rishton’s strategic acumen and industry expertise have been crucial in navigating significant milestones in IGT’s history.
David Morgan’s Appointment:
In the wake of Rishton’s retirement, David Morgan is set to assume the role of SVP and Chief Accounting Officer. Morgan, who joined IGT in 2017, has been the VP and Corporate Controller since 2020. His tenure has been marked by a commitment to process improvement and technical accounting expertise. The announcement anticipates positive impacts on IGT’s accounting and tax group and the broader organization as Morgan steps into a leadership role.
Forward-Looking Impact:
Max Chiara expressed confidence in David Morgan’s ability to bring positive change to IGT’s accounting and tax group. Morgan’s dedication to process improvement and technical acumen positions him as a valuable addition to IGT’s leadership team. The appointment reflects IGT’s commitment to seamless leadership transitions and sustained excellence in financial operations.
Transition Support and Acknowledgment:
Tim Rishton, despite his retirement, is committed to supporting the leadership transition throughout 2024. His continued involvement ensures a smooth handover and reflects the collaborative spirit within IGT. The organization acknowledges Rishton’s pivotal role and expresses gratitude for his enduring contributions.
IGT’s leadership transition signifies a momentous shift in key roles within the organization. Tim Rishton’s impending retirement allows for the elevation of David Morgan, showcasing IGT’s commitment to continuity and excellence. As the company navigates this transition, the combined experience of outgoing and incoming leaders sets the stage for continued success in the dynamic landscape of the gaming industry. The announcement encapsulates a blend of acknowledgment for Rishton’s legacy and anticipation for the positive impact that David Morgan is poised to bring to IGT’s financial operations.