Having worked for GTECH for more than twenty years, Jaymin Patel has resigned from his position as chief executive and president of GTECH Americas to become CEO of wireless distribution business Brightstar.

Patel will leave the company and its board on March 27th in order to pursue new opportunities. GTECH is yet to announce his replacement, and whether an internal or external candidate will be pursued.

He joined GTECH in 1994, serving in a number of management roles including president and chief operating officer, and senior vice president and chief financial officer, when the business was listed on the New York Stock Exchange.

Following its acquisition by Lottomatica in 2006, he took on the role of president and CEO of global lottery operations between 2008 and 2013, before taking responsibility for GTECH Americas. In his most recent role he was responsible for the overall management and strategic development of the supplier’s business in the Americas, as well as overseeing new opportunities in lottery management services and running GTECH’s global printing business.

Patel has served on the company’s board of directors since 2007. His new role will see him take over as chief executive of Brightstar, a wireless distribution specialist with operations in more than 100 companies and one of the largest mobile device accessory distributors worldwide.

GTECH CEO Marco Sala praised Patel’s contribution to the business, saying that he had “shaped, defined and embodied the core values” of the company.

“His tireless work ethic and boundless intellectual curiosity, underscored by his integrity and humility, made him a natural leader for our Company and industry,” Sala explained. “Among his legacy of achievements at GTECH, perhaps the foremost is his demand for a ‘customer first’ approach to everything we do.”

“I have always relied on Jaymin’s insights and guidance,” he continued. “It is clear to me that one of the primary reasons GTECH is the leader in the global gaming industry today is because of his contributions. I fully expect him to have continued success in his new career, and on behalf of all our employees, wish him the very best.”

GTECH chairman Lorenzo Pellicoli added that after Lottomatica acquired GTECH, it was obvious that Patel “would be a key element of [the company’s] future success.”

“As a member of the board of directors of the combined companies that ultimately became GTECH S.p.A, Jaymin’s knowledge of finance and operations, as well as his common-sense approach, helped to drive shareholder value,” Pellicoli said. “His service was, and will always be, deeply appreciated.”

Patel paid tribute to GTECH’s staff, praising their passion and commitment to putting customers first.

“It has been a great privilege to serve as a member of GTECH's leadership team, working toward a shared vision of helping lotteries and gaming customers around the world raise funds for good causes. I am grateful to Marco Sala, our shareholders, customers, and business partners for the extraordinary opportunities afforded to me, and for the meaningful relationships we have built together,” he said. “There are more tangible and significant opportunities ahead of GTECH today than ever before.”

“Whilst I have chosen to pursue a new path, I will remain a proud GTECH shareholder and I am confident that even greater accomplishments are yet to come for the Company, and I am excited for its future,” Patel added.

Shares in GTECH S.p.A. (Co.Data)(MIB:GTK) are currently trading up 0.89 per cent at €17.05 per share in Milan this morning.

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