Adam Chibib, with over 30 years of financial experience, joins IGT as the new Chief Financial Officer, succeeding Fabio Celadon. Hector Fernandez, IGT's CEO, welcomes the appointment.
Pat McHugh, who has been at the helm of Scientific Games since 2022, will step down as CEO in September 2026. Kevin Schneider will take over as Interim CEO during the transition.
The iGaming industry is witnessing a shift where CEOs are increasingly opting for partnership models over traditional employment. A co-founder of a Fidel Group project recently received a $220,000 payout, highlighting the growing trend of business growth-driven compensation.