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New York-listed supplier International Game Technology (IGT) has confirmed that its chief financial officer Alberto Fornaro will be leaving the company next month.

Fornaro will continue in the role through 31 January 31 2020 to ensure a smooth transition, with current IGT senior vice president and chief accounting officer Timothy Rishton taking over as interim CFO as the supplier searches for a permanent replacement.

“I would like to thank Alberto, both personally and on behalf of the IGT board of directors, for his leadership and outstanding contribution during the last eight years as CFO of first GTECH and later IGT,” said IGT chief executive Marco Sala.

“Alberto played a significant role in improving our financial and operational performance, including helping to secure large, strategically important contracts for the next several years. We look forward to an orderly and seamless transition of his responsibilities, and wish him well in his future endeavors.”

Fornaro added: “It has been a great honor to serve as IGT CFO and to participate in the company's success during the last eight years. With the recent completion of important refinancing activity and a strong finance organization in place, it is the right time for me to move on to a new challenge.”

Shares in International Game Technology plc (NSQ:IGT) closed down 2.49 per cent at $14.48 per share in New York Monday.