IGT Appoints Adam Chibib as CFO to Align Finance with Post-Merger Operational Discipline

IGT has appointed Adam Chibib as chief financial officer effective November 1, 2026, subject to regulatory approvals. Fabio Celadon will remain CFO through October 31, then serve as adviser through December 31, 2026, to support the handover.

The move forms part of IGT’s transformation program centered on operating discipline, cash flow generation, and portfolio performance across Gaming, Digital, and FinTech operations. Chibib will oversee the global finance function and align financial strategy with business priorities.

Chibib’s Track Record Across Gaming and Private Equity

Adam Chibib holds more than 30 years of financial and operational leadership experience with listed companies, private equity-backed businesses, and technology organizations. He contributed to six successful exits.

Chibib previously served as president and chief financial officer of Multimedia Games. He doubled revenue, tripled profitability, and lifted market capitalization from approximately $47 million to more than $1 billion ahead of the company’s $1.2 billion acquisition by Global Cash Access, which later became Everi Holdings. He later chaired the board and audit committee at playAGS from January 2018 until July 2025 through that company’s acquisition.

Most recently Chibib was CFO of Raptor Technologies, acquired by Warburg Pincus in January 2026 after ownership by Thoma Bravo and JMI Equity. Earlier roles include CFO positions at NetSpend Corporation, TippingPoint, Waveset, and BroadJump, plus five years as partner at Silverton Partners.

IGT Chief Executive Officer Hector Fernandez said the appointment matches the company’s requirements during its current period of change. “Adam brings the public company, private equity and gaming experience we need for this stage of IGT’s transformation,” Fernandez said. “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.”

Chibib stated: “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.”

The Transition in Context of Recent Corporate Actions

The CFO change follows IGT’s lottery division divestment, the $6.3 billion merger with Everi led by Apollo Global Management in July 2025, and plans to reduce the global workforce by around 10%, or approximately 700 roles. Celadon first became CFO of Lottomatica S.p.A. in 2002 and assumed the IGT CFO role in July 2025.

The succession supplies targeted financial leadership precisely when IGT must integrate recent transactions and extract targeted cash flow improvements. Execution will turn on whether Chibib’s value-creation history from prior gaming and technology exits transfers effectively to the current portfolio optimization.

Reporting: World Casino News

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