New York-listed gambling technology group, International Game Technology Plc (IGT), has confirmed the resignation of Phil Satre as Chairman of the Board.
Updating the market, IGT informs that it has begun its executive search for Satre’s replacement, with Vice Chairman Lorenzo Pellicioli leading IGT governance until a successor is confirmed.
Satre is set to join US casino and leisure operator Wynn Resorts as Chairman replacing incumbent D Boone Wayson who will step down later this year.
“The addition of someone of Phil’s calibre and experience is a significant step forward for Wynn Resorts as we turn the page on the last six months,” commented Wayson on his replacement.
“Our goal is to give the management team, led by CEO Matt Maddox, an opportunity to grow and develop this company to its greatest potential. Phil’s insight and guidance will be invaluable as we move forward. I am proud of our accomplishments and am pleased that someone as outstanding as Phil will succeed me in the role as chairman.”
IGT governance thanked Satre for his service and guidance during a transformative period for the New York Enterprise.
“On behalf of the Board, I want to thank Phil for his dedicated service and many important contributions. He successfully guided the Company through a transformational merger that created the largest gaming company in the world. We wish him continued success as he takes on a new role at Wynn Resorts.” Lorenzo Pellicioli commented on the corporate update.