LOTTOMATICA Group Creates a Single, Unified Leadership and Business Structure to Drive its Futrue Growth
ROME, ITALY and PROVIDENCE, RHODE ISLAND (US) – January 24, 2013 – Lottomatica Group S.p.A. today announced a plan to further integrate its businesses on a global basis and change the company name to GTECH S.p.A. These changes are aimed at supporting growth, improving efficiency and enhancing profitability across operations, stepping up the pace of internationalization of the Group to better capture its full potential.
The Group will be operated under a unified, customer-facing organization structure aligned around three global geographic regions supported by a central products and services structure. Currently, the Group is organized into separate business units focused on their respective products, services, geographies, and market segments. The plan will be progressively implemented and executed within the current year.
To help communicate the vision and support the Group’s worldwide growth strategy, the Lottomatica parent company will take advantage of one of the most recognized and valued global brands in the gaming industry and be known as GTECH. The Board of Directors today made known its intention to propose to Shareholders the change of the company name to GTECH S.p.A. subject to the completion of required inquiries and evaluations. The Lottomatica and SPIELO brands will be retained as important and prominent offerings in the markets and segments they serve.
In making the announcement, Lottomatica Group Chairman Lorenzo Pellicioli said, “What we have achieved since the acquisition of GTECH is the creation of a global vehicle to address opportunities across the entire gaming continuum. With the steps we are announcing today, the Group evolves into a fully-unified business entity to accomplish these goals above and beyond the top-line synergies we have already achieved.”
Lottomatica Group CEO Marco Sala added that, “Over the past few years, we have undertaken a number of key integration activities. Our customers originally operating in single business segments have gradually migrated toward integrated product portfolios. With the realignment of our organization, we are taking the final steps to effectively deliver comprehensive solutions meeting the evolving requirements of our customers and strengthening our position as the world’s premier solutions provider to the regulated gaming industry.”
Mr. Sala continued, “By creating a single leadership structure, our key managers will be closer to our customers and opportunities, and will also benefit from a streamlined decision-making process. In addition, we also expect synergies to be achieved over time.”
The leadership teams from the various business units have agreed to take on new roles within the organization, which will ensure the continuity of the Group’s plan to deliver on its growth strategy.
The new organization will be centered on three regions: the Americas, International, and Italy. The regions will be led by Jaymin Patel, Walter Bugno, and Fabio Cairoli, respectively. Each region will be responsible for sales and business development for the Company’s entire portfolio of products and services, as well as operations and account management with central client services for lotteries, gaming machines, sports betting, and interactive.
The regions will be supported by a central product and services organization that will be led by Renato Ascoli. This unit will be responsible for product development and marketing, manufacturing, and delivery for all product lines.
In conclusion Mr. Sala said, “The leadership team that has been delivering consistent growth and improved shareholder value has embraced the new organizational structure and has begun implementing it. I expect the transition to happen seamlessly and am confident that we will continue and improve upon our success in the years ahead.”
The Group’s segment reporting will continue to follow the existing format until the organizational realignment has been fully implemented. Pro forma historical series will be provided to facilitate comparison.