IGT has appointed Adam Chibib as chief financial officer, effective 1 November 2026 and subject to the regulatory approvals required in the jurisdictions where the supplier holds gaming licences.
He replaces Fabio Celadon, who has spent more than two decades at IGT and its predecessor companies. Celadon stays in the role through 31 October 2026 and then serves as an advisor until 31 December 2026.
The appointment gives the Apollo-owned slot and fintech supplier a finance chief with a direct history in the gaming floor business it now runs.
Chibib’s gaming record
Chibib was president and CFO of Multimedia Games, the Austin-based slot supplier that Global Cash Access bought in 2014 in a deal valued at about $1.2 billion. Global Cash Access renamed itself Everi the following year, and Everi combined with IGT’s gaming and digital business under Apollo in July 2025. Chibib’s former employer is now part of the company he is joining.
IGT said market capitalisation at Multimedia Games grew from around $47 million to more than $1 billion during his tenure, with revenue doubling and profitability tripling.
He also chaired the board and the audit committee at playAGS, the slot supplier acquired in 2025, and has held finance roles at Self Financial and NetSpend. His most recent position was CFO of Raptor Technologies, which Warburg Pincus acquired in January 2026. IGT put his career at more than 30 years and six exits across public companies, private equity portfolio businesses and technology firms.
“Adam brings the public company, private equity and gaming experience we need. His financial discipline and operating mindset will be important as we sharpen execution,” said IGT chief executive Hector Fernandez.
Fernandez, the former Aristocrat Gaming chief executive, was named to lead the combined business in December 2025.
What Chibib inherits
Apollo funds completed the $6.3 billion purchase of IGT’s gaming and digital business and Everi on 1 July 2025, folding both into a single private company that trades under the IGT name. The lottery operation stayed with the former parent, which now operates as Brightstar Lottery.
The integration has been running on cost. IGT cut around 700 jobs globally in March 2026 as part of the post-merger restructuring, one of the larger single reductions in a year that has seen sustained headcount cuts across the supplier base.
Product lines have gone too. In July the company confirmed it would close its electronic table games division in 2027, exiting a category it had supplied for years.
IGT describes its current programme as a transformation built on operating discipline, portfolio performance and cash flow creation across its gaming, digital and fintech units. Those are the standard priorities of a leveraged private equity holding, and they are the terms the new CFO will be measured against.
Why the finance seat matters under Apollo
A private company does not report quarterly to public markets, but it does report to lenders. Cash generation, covenant headroom and the timing of any eventual exit sit with the CFO, alongside the slower work of merging two finance functions, two ERP estates and two sets of regulatory reporting obligations across dozens of licensing jurisdictions.
“IGT has a strong portfolio. I look forward to working with Hector, the leadership team and our people to strengthen financial and operating discipline,” Chibib said.
Regulatory approvals still outstanding
The start date is conditional. Senior officers at licensed gaming suppliers require suitability findings from the regulators in the markets where the company operates, a process that can run for months and occasionally past an announced start date. IGT has given itself a two-month window between the announcement and 1 November, with Celadon staying available through the end of the year if the handover runs long.
Chibib’s earlier roles at Multimedia Games and playAGS mean he has already been licensed in multiple US gaming jurisdictions, which usually shortens the review.
The clearer test comes after that. IGT has spent its first year under Apollo cutting headcount and closing lines, and the company has not disclosed financial results publicly since the deal closed. Whether the transformation it describes produces the cash flow Apollo bought the business for is the number Chibib will own from November.
Source: IGT
