New Finance Chief for IGT

International Game Technology CEO Patti S. Hart announced Thursday that John Vandemore is joining the company as chief financial officer and treasurer, effective February 13, 2012.

Vandemore comes to IGT from The Walt Disney Company, where he most recently served as Chief Financial Officer of Walt Disney Imagineering and was responsible for overseeing multi-billion dollar investments in global theme park, resort, and cruise line development projects.

“We are pleased to be adding John’s financial experience, strategic leadership and energy to IGT,” said Hart.  “[He] brings an impressive background in global financial planning and operational excellence that will benefit all of IGT’s stakeholders.”

Vandemore replaces Pat Cavanaugh, IGT’s CFO and Treasurer for the past 3 years, who will be departing the company on February 10, 2012.  “We would like to thank Pat for his years of dedication to IGT and for his support as we managed IGT through a significant amount of change.  We wish him well in his future endeavors,” said Hart.

Vandemore will have direct responsibility for overseeing IGT’s internal and external financial reporting, leading IGT’s global financial planning and analysis, and managing all worldwide finance operations inclusive of investor relations, tax, accounting, treasury, credit, and audit.

With over 17 years of financial experience, he joins IGT with a diverse background spanning executive roles at The Walt Disney Company, AlixPartners, Goldman Sachs, and PricewaterhouseCoopers.  After graduating from the University of Notre Dame with a degree in Business Administration, Vandemore went on to earn his MBA from the Kellogg Graduate School of Management at Northwestern University.

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