IGT Executive Andy Hendrickson Expands Role to Become Chief Product & Technology Officer

Rhea-AI Summary

IGT (NYSE:IGT) announced on January 13, 2026 that Andy Hendrickson will expand his role to Chief Product & Technology Officer (CPTO), pending required regulatory approvals. The move combines product and technology leadership to align products, global game studios and operations. Hendrickson joined the merged IGT and Everi enterprise in 2025 as CTO and previously held senior technology roles at Activision Publishing, Walt Disney Animation Studios, DreamWorks/Pacific Data Images and Industrial Light & Magic. He is a named inventor on multiple U.S. patents and holds a BA in Physics from UC Berkeley.

Key Figures

Lazard ownership: 13,710,118 shares (6.8%) Sole voting power: 13,664,689 shares Capital return: $1.1 billion +5 more

8 metrics

Lazard ownership 13,710,118 shares (6.8%) Schedule 13G/A filing, 2025-08-14

Sole voting power 13,664,689 shares Lazard Schedule 13G/A, 2025-08-14

Capital return $1.1 billion Post-sale capital return to shareholders (6-K, 2025-07-01)

Special dividend $3.00 per share Cash dividend as part of capital return (6-K, 2025-07-01)

Buyback authorization $500 million Share-repurchase authorization (6-K, 2025-07-01)

Debt reduction $2.0 billion Mandatory debt reduction (6-K, 2025-07-01)

Market cap $3,152,779,031 Pre-news market capitalization

Short interest 4.92% of float Reported short percent of float, days to cover 3.47

Market Reality Check

Price: $16.29 Vol: Volume 3,542,124 is 1.94x...

high vol

$16.29 Last Close

Volume Volume 3,542,124 is 1.94x the 20-day average of 1,826,159 ahead of this leadership news. high

Technical Shares at $16.29 are trading below the 200-day MA of $17.83, and about 32.49% under the 52-week high.

Peers on Argus

No peers from the 'Casinos (except Casino Hotels)' group appeared in the momentu...

No peers from the 'Casinos (except Casino Hotels)' group appeared in the momentum scanner, suggesting the 3.04% move in IGT was stock-specific rather than sector-driven.

Market Pulse Summary

This announcement highlights the expansion of Andy Hendrickson’s role to Chief Product & Technology ...

Analysis

This announcement highlights the expansion of Andy Hendrickson’s role to Chief Product & Technology Officer, emphasizing tighter alignment between technology, products, and global game studios. Pre-news, the stock traded at $16.29, below its $17.83 200-day MA and roughly 32.49% under the 52-week high, with elevated volume at 1.94x the 20-day average. Investors may watch for how this leadership structure supports product execution following prior strategic moves that included a $1.1 billion capital return and $2.0 billion debt reduction.

AI-generated analysis. Not financial advice.

Visionary in Entertainment, Gaming and Innovation Previously Served as IGT Chief Technology Officer

LAS VEGAS, Jan. 13, 2026 /PRNewswire/ -- IGT announced today that Andy Hendrickson has expanded his role to become Chief Product & Technology Officer (CPTO), subject to receipt of all required regulatory approvals.

Hendrickson previously served as IGT's Chief Technology Officer (CTO) since joining the merged IGT and Everi enterprise in 2025. He is recognized as a transformative technology executive behind industry-disrupting platforms and technologies that blend strategic vision with operational excellence to deliver measurable results at scale.

"I'm very pleased that Andy Hendrickson is expanding his role at IGT to become our Chief Product & Technology Officer, leveraging his vision and expertise across technology, products and solutions to help our global customers deliver industry-leading games to players while enhancing their operations," said Hector Fernandez, IGT Incoming CEO. "Andy's leadership as CPTO ensures tighter alignment between our products and processes, and how we leverage world-class talent across our global game studios to create value."

"I'm excited to expand my global technology leadership role to become IGT Chief Product & Technology Officer," said Andy Hendrickson, IGT CPTO. "I believe IGT has the ingredients to deliver industry-leading products and solutions to our customers, and with the strength of our game studio talent, disciplined content creation and product management, we are well-positioned for growth and innovation."  

Prior to joining IGT, Hendrickson served as CTO of one of IGT's global competitors. Earlier in his career, Andy served as CTO of Activision Publishing and led technology for some of the world's most successful console game franchises, including Call of Duty, Crash Bandicoot, and Sekiro. At Walt Disney Animation Studios, Andy led technology for blockbusters like Frozen. Earlier leadership roles include Head of Technology at Pacific Data Images/DreamWorks Animation, where he enabled multi-film annual releases including Shrek 2 and Madagascar, and Senior Technology Officer at Industrial Light & Magic, where he elevated visual effects to new creative frontiers.

A named inventor on multiple U.S. patents, Andy has led innovation spanning remote collaboration, stereoscopic depth rendering, and advanced image processing. His work has garnered film credits on landmark titles including Forrest Gump, The Mask, Men in Black, Frozen and Wreck-It Ralph, alongside numerous blockbuster gaming releases.

He holds a BA in Physics from the University of California, Berkeley, and is an active member of the Academy of Motion Picture Arts and Sciences, SMPTE, and ACM SIGGRAPH.

For more information, follow IGT on Facebook and LinkedIn or watch IGT videos on YouTube.

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'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, IGT drives innovation, efficiency and value for casino, digital and hospitality operators worldwide. The company is headquartered in Las Vegas.

Contact:
Phil O'Shaughnessy, Global Communications, toll free in U.S./Canada +1 (844) IGT-7452; outside U.S./Canada +1 (775) 448-0257

© 2026 IGT

The trademarks and/or service marks used herein are either trademarks or registered trademarks of IGT, its affiliates or its licensors.

 

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SOURCE IGT

FAQ

What change did IGT announce on January 13, 2026 regarding Andy Hendrickson (IGT)?

IGT said Andy Hendrickson will expand his role to Chief Product & Technology Officer (CPTO), subject to regulatory approvals.

How does Andy Hendrickson's new CPTO role at IGT (IGT) affect product and technology alignment?

The CPTO role combines product and technology leadership to drive tighter alignment across products, game studios and operations.

What is Andy Hendrickson's experience before joining IGT (IGT)?

He served as CTO since the 2025 merger, was CTO at a competitor, and held senior tech roles at Activision Publishing, Walt Disney Animation Studios, DreamWorks/Pacific Data Images and Industrial Light & Magic.

Does Andy Hendrickson hold patents or industry recognition relevant to his IGT (IGT) role?

Yes, he is a named inventor on multiple U.S. patents and is active in SMPTE and ACM SIGGRAPH.

When did Andy Hendrickson join the merged IGT and Everi enterprise as CTO?

He joined the merged IGT and Everi enterprise in 2025 as Chief Technology Officer.

Are there any regulatory conditions for Andy Hendrickson's appointment as CPTO at IGT (IGT)?

The expanded role is stated to be subject to receipt of all required regulatory approvals.