International Game Technology (IGT) has confirmed that long-serving senior vice president and chief accounting officer Tim Rishton is to retire after 29 years with the company.
Rishton will retire at the end of 2024 and will be succeeded by David Morgan, who will take on the role on 1 January 2024, with Rishton supporting the leadership transition throughout the year.
During his tenure, Rishton was instrumental in the delisting of the GTECH organization from the Borsa Italiana stock exchange and the relisting of the company as IGT on the New York Stock Exchange in 2015.
“”On behalf of the leadership team at IGT, I congratulate Tim Rishton on an illustrious career,” said IGT executive vice president and chief financial officer Max Chiara. “Tim’s leadership, strategic vision, industry knowledge, discipline and integrity will have a lasting influence on our organization.
“Tim has been instrumental in helping drive some of the most significant milestones in the evolution of IGT and its legacy companies.”
Morgan joined IGT in 2017 and has served as IGT vice president and corporate controller since 2020.
“Throughout his tenure at IGT, David Morgan has displayed a dedication to process improvement along with strong knowledge and expertise in technical accounting,” added Chiara. “He is a tremendous professional who will have a positive impact on our accounting and tax group, and our broader organization as a member of the leadership team.”
Shares in International Game Technology plc (NYSE:IGT) closed 0.58 per cent lower at $27.26 per share in New York Monday.