IGT on Monday appointed Adam Chibib as chief financial officer, effective November 1, subject to regulatory approvals.
Chibib will succeed Fabio Celadon, who will remain chief financial officer through October 31 and then serve as an advisor through December 31.
Chibib has more than three decades of financial and operational leadership across public companies, private equity-backed businesses and high-growth technology organizations, contributing to six successful exits. Most recently, he served as chief financial officer of Raptor Technologies, which was acquired by Warburg Pincus in January after a transformation under the ownership of Thoma Bravo and JMI Equity.
“Adam brings the public company, private equity and gaming experience we need for this stage of IGT’s transformation,” IGT CEO Hector Fernandez said in a statement. “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’s gaming experience includes serving as Multimedia Games president and chief financial officer, where he helped double revenue, triple profitability and increase the company’s market capitalization from about $47 million to more than $1 billion before its $1.2 billion acquisition. He later served as chairman of the board and chair of the audit committee of PlayAGS through its acquisition in 2025. His earlier experience includes financial leadership roles at Self Financial, NetSpend and several technology companies.
“IGT has a strong portfolio, leading market positions and a clear opportunity to create value,” said Chibib. “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.”
According to a news release, IGT is executing a transformation focused on operating discipline, portfolio performance and cash flow creation across its Gaming, Digital and FinTech businesses. Chibib will lead the company’s global finance organization and help align financial strategy, capital priorities and business execution to support IGT’s long-term objectives.
Celadon’s career with IGT and its predecessor companies spans more than two decades. Since becoming chief financial officer of Lottomatica S.p.A. in 2002, he has served in senior leadership roles across finance, strategy, corporate development and international operations in Europe, North America and Asia.
