IGT Appoints Adam Chibib as Chief Financial Officer to Advance Its Financial and Operational Transformation
IGT appoints veteran finance executive Adam Chibib as CFO to support its ongoing transformation and sharpen financial and operating discipline.
Rhea-AI Summary
IGT (IGT) appointed Adam Chibib as Chief Financial Officer, effective November 1, 2026, subject to required regulatory approvals.
Chibib will replace Fabio Celadon, who remains CFO through October 31 and then serves as an advisor until December 31, 2026 to support a smooth transition. Chibib brings more than three decades of financial and operational leadership across public companies, private equity–backed businesses and high-growth technology firms, contributing to six successful exits. His gaming experience includes leading Multimedia Games as President and CFO, where revenue doubled, profitability tripled and market capitalization rose from about $47 million to over $1 billion before its $1.2 billion acquisition, and serving as Chairman and Audit Committee Chair of playAGS through its 2025 acquisition. As CFO, he will lead IGT’s global Finance organization and support its transformation focused on operating discipline, portfolio performance and cash flow creation.
Positive
- New CFO brings more than three decades of financial and operational leadership and experience across six successful exits.
- Prior gaming role saw market capitalization grow from ~$47 million to over $1 billion before a $1.2 billion acquisition.
Negative
- None.
Key Figures
- CFO appointment effective date
- November 1, 2026
- Subject to required regulatory approvals
- Outgoing CFO transition end
- October 31, 2026
- Fabio Celadon remains CFO through this date
- Advisor transition period
- Through December 31, 2026
- Fabio Celadon serves as advisor after leaving the CFO role
- Leadership experience
- More than three decades
- Adam Chibib's financial and operational leadership experience
- Multimedia Games revenue growth
- Doubled
- Reported during Chibib's tenure at Multimedia Games
- Multimedia Games profitability growth
- Tripled
- Reported during Chibib's tenure at Multimedia Games
- Multimedia Games acquisition
- $1.2 billion
- Acquisition following the reported growth in revenue, profitability and market capitalization
Key Terms
market capitalization financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
Seasoned public company and gaming executive brings a proven record of operating discipline, strategic transactions and value creation
Chibib brings more than three decades of financial and operational leadership across public companies, private equity backed businesses and high growth technology organizations, contributing to six successful exits. Most recently, he served as Chief Financial Officer of Raptor Technologies, which was acquired by Warburg Pincus in January 2026 following a significant transformation under the ownership of Thoma Bravo and JMI Equity.
His gaming experience includes serving as President and Chief Financial Officer of Multimedia Games, where he helped double revenue, triple profitability and increase the company's market capitalization from approximately
"Adam brings the public company, private equity and gaming experience we need for this stage of IGT's transformation," said Hector Fernandez, Chief Executive Officer of IGT. "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."
"IGT has a strong portfolio, leading market positions and a clear opportunity to create value," said Adam Chibib, incoming Chief Financial Officer of IGT. "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 is executing a transformation focused on operating discipline, portfolio performance and cash flow creation across its Gaming, Digital and FinTech businesses. As Chief Financial Officer, Chibib will lead the company's global Finance organization and help align financial strategy, capital priorities and business execution to support IGT's long-term objectives.
Celadon's career with IGT and its predecessor companies spans more than two decades. Since becoming Chief Financial Officer of Lottomatica S.p.A. in 2002, he has served in senior leadership roles across finance, strategy, corporate development and international operations in
About IGT
IGT is a leading global provider of gaming, digital and financial technology solutions, formed through the combination of International Game Technology PLC's Gaming & Digital Business and Everi Holdings Inc. IGT and Everi's offering spans gaming machines, game content and systems, iGaming, sports betting, cash access, loyalty and player engagement solutions, enabling it to deliver integrated, customer-centric experiences across land-based and digital environments. Organized into Gaming, Digital and FinTech business units, the organization drives innovation, efficiency and value for casino, digital and hospitality operators worldwide. The company is headquartered in Las Vegas.
Media contact
Phil O'Shaughnessy, Global Communications
U.S. and Canada: +1 (844) IGT-7452
Outside U.S. and Canada: +1 (775) 448-0257
View original content to download multimedia:https://www.prnewswire.com/news-releases/igt-appoints-adam-chibib-as-chief-financial-officer-to-advance-its-financial-and-operational-transformation-302877950.html
SOURCE IGT
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
When will the CFO transition between Fabio Celadon and Adam Chibib take place?
Adam Chibib is expected to become Chief Financial Officer on November 1, 2026, subject to receipt of all required regulatory approvals. Fabio Celadon will remain CFO through October 31, 2026 and then serve as an advisor through December 31, 2026 to support a smooth transition.
What responsibilities will Adam Chibib have as IGT’s Chief Financial Officer?
As Chief Financial Officer, Adam Chibib will lead IGT’s global Finance organization and help align financial strategy, capital priorities and business execution with the company’s long-term objectives, in support of its transformation focused on operating discipline, portfolio performance and cash flow creation across its Gaming, Digital and FinTech businesses.
What experience does Fabio Celadon have with IGT prior to this transition?
Fabio Celadon’s career with IGT and its predecessor companies spans more than two decades. Since becoming Chief Financial Officer of Lottomatica S.p.A. in 2002, he has held senior roles across finance, strategy, corporate development and international operations in Europe, North America and Asia, helping guide the company through periods of significant change.