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# IGT Appoints Adam Chibib Chief Financial Officer
- URL: https://www.igamingnews.biz/igt-adam-chibib-cfo/
- Published: 2026-09-15T12:00:00.000Z
- Updated: 2026-09-15T19:15:29.000Z
- Description: IGT has named Adam Chibib Chief Financial Officer effective November 1, 2026, succeeding Fabio Celadon as the Apollo-owned supplier works through integration.
- Author: iGamingNews Editorial Desk
- Tags: Executive Moves, Igt

*Image credit: Source: company press release. Never imply stock depicts the actual event.*

**IGT has appointed Adam Chibib Chief Financial Officer, effective November 1, 2026, succeeding Fabio Celadon**, the company said in a statement carried by [PR Newswire](https://www.prnewswire.com/news-releases/igt-appoints-adam-chibib-as-chief-financial-officer-to-advance-its-financial-and-operational-transformation-302877950.html?ref=igamingnews.biz). The move is subject to regulatory approvals.

Celadon stays on as CFO through October 31, then moves into an advisory role through December 31 to support the handover, the release said. IGT did not attribute his departure to any specific cause, and none should be inferred.

Chibib joins from Raptor Technologies, where he served as CFO until Warburg Pincus acquired the company in January 2026\. His gaming-industry record predates that: he was president and CFO of Multimedia Games, where the company's market capitalization grew from roughly $47 million to more than $1 billion before its $1.2 billion acquisition, and he chaired the audit committee at playAGS through its 2025 acquisition. Earlier finance roles include Self Financial and NetSpend, according to the company statement, corroborated by [Indian Gaming](https://www.indiangaming.com/igt-appoints-adam-chibib-chief-financial-officer/?ref=igamingnews.biz).

The appointment lands less than a year into a reshaped IGT. Apollo Global Management completed its roughly $6.3 billion all-cash acquisition of International Game Technology's Gaming and Digital business and Everi Holdings in mid-2025, folding both into a single private company that kept the IGT name, a deal covered in iGamingNews' look at [gaming supplier consolidation](https://www.igamingnews.biz/gaming-supplier-consolidation-supply-chain/). Hector Fernandez took over as CEO in December 2025 after a contractual non-compete lapsed, inheriting the job of integrating two finance functions, two slot catalogues and a fintech unit into one operating company.

IGT CEO Hector Fernandez framed the hire against that task: "Adam brings the public company, private equity and gaming experience we need for this stage of IGT's transformation," he said in the statement.

Chibib's own comment pointed at the same integration work: "IGT has a strong portfolio, leading market positions and a clear opportunity to create value," he said.

Neither IGT nor Apollo has disclosed Chibib's compensation terms or a start-date announcement beyond November 1.

The hire adds to a run of C-suite turnover among the industry's scaled suppliers this year. Light & Wonder named [Mike Smith managing director for Asia](https://www.igamingnews.biz/light-wonder-mike-smith-asia-md/), Scientific Games installed [Kevin Schneider as interim CEO](https://www.igamingnews.biz/scientific-games-ceo-retirement/) after its own leadership exit, and Sportradar hired Entain's [Sameer Deen as chief operating officer](https://www.igamingnews.biz/sportradar-sameer-deen-coo/). Each supplier is managing its own version of the same problem: consolidation concentrated ownership at the top of the supply chain, and the executives now running those companies are the ones who have to prove the concentration pays for itself.

## The merger's ledger is now Chibib's to close

A CFO hire rarely makes news on its own. This one matters because of the balance sheet Chibib is walking into: a company built from two acquisitions in eighteen months, still working out shared reporting lines, cost synergies and capital priorities under private ownership that answers to Apollo's return targets rather than public shareholders. Fernandez's statement did not promise a specific cost-cutting mandate or synergy target, and none should be assumed. What is confirmed is the timeline: Celadon hands off financial reporting through the end of October, Chibib takes the seat November 1, and the two overlap through December while Apollo's newest supplier finishes proving whether its merger math works.

## Related coverage

- [Gaming Supplier Consolidation Redraws the Supply Chain](https://www.igamingnews.biz/gaming-supplier-consolidation-supply-chain/)
- [Light & Wonder Names Mike Smith Managing Director, Asia](https://www.igamingnews.biz/light-wonder-mike-smith-asia-md/)
- [Scientific Games Names Kevin Schneider Interim CEO](https://www.igamingnews.biz/scientific-games-ceo-retirement/)
- [Sportradar Hires Entain's Sameer Deen as COO](https://www.igamingnews.biz/sportradar-sameer-deen-coo/)