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International Game Technology has announced the promotion of Patrick W. Cavanaugh to the position of Executive Vice President and Chief Financial Officer. The promotion will be effective upon receipt of any required regulatory approvals. Cavanaugh was most recently IGT's Vice President of Corporate Finance and Investor Relations.
"Pat brings to the table a unique combination of extensive gaming industry experience as a financial executive, familiarity with Wall Street, and intimate knowledge of IGT," said TJ Matthews, IGT Chairman and CEO. "He has played an integral role in the financial management of the Company since the departure of the previous CFO in 2007, and I look forward to Pat's future contributions and leadership in his new role."
Cavanaugh, age 48, joined IGT in April 2004. Prior to joining the Company, he was Chief Financial Officer and Treasurer of Acres Gaming, Incorporated, a slot information systems company acquired by IGT in October 2003. Cavanaugh also previously served as Chief Financial Officer and Treasurer for Oasis Technologies, Inc. and Casino Data Systems, both of which were focused on supplying the gaming industry with innovative systems solutions.
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