IGT Appoints Adam Chibib as CFO

Global gaming leader IGT has announced a new C-suite appointment. According to the company’s official announcement, Adam Chibib will be joining as the company’s new chief financial officer, effective November 1, 2026. This comes as the company’s current CFO prepares to depart. Chibib to Replace Celadon On September 14, IGT announced that Chibib will be joining its team as CFO, subject to regulatory approvals. At the same time, the company confirmed that its current CFO, Fabio Celadon, will be stepping down on October 31. Celadon will then assume a temporary advisory function to ensure a smooth transition of responsibilities. IGT noted that the outgoing Celadon has spent over 20 years with the company and has guided it through multiple turbulent periods. According to IGT, its new appointee is someone with over 30 years of experience in financial and operational leadership positions. Chibib has served a variety of both public and private businesses and has played a key role in six successful exits. His most recent role was CFO at Raptor Technologies, which was acquired by Warburg Pincus earlier this year. Chibib is not a stranger to the gaming sector either, having previously served as president and CFO of Multimedia Games. During his time with that company, Chibib helped it double its revenue, triple its profitability, and increase its market capitalization from $47 million to over $1 billion. He also spent time as board chair and chair of the Audit Committee at PlayAGS until it was acquired in 2025. The Change Comes as IGT’s Transformation Continues IGT’s chief executive officer, Hector Fernandez, welcomed Chibib on board, lauding his incredible financial experience. According to Fernandez, Chibib’s acumen is exactly what IGT needs right now. His [Chibib’s] financial discipline and operating mindset will be important as we sharpen execution and strengthen cash flow creation. Hector Fernandez, CEO, IGT Fernandez also thanked Celadon for his incredible contributions to the company and wished him all the best. Chibib weighed in on his appointment, saying that IGT boasts an impressive portfolio and strong market positions – assets that poise it for further value generation. Chibib added that he was pleased to join the business and that he is looking forward to working with its leadership on growing IGT. 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. Adam Chibib, CFO appointee, IGT The appointment of Chibib comes as IGT continues its discipline-focused transformation. As a result, he will be tasked with leading the company’s global finance organization and aligning its financial strategy with long-term objectives.