Philip Satre has stepped down from his current role at International Game Technology as Chairman of the Board to join Wynn Resorts and become the casino groups Vice President.
IGT confirmed the news and said that Satre resignation was effective immediately.
Satre joined IGT back in 2009. He became an independent Chairman when he joined and then Chairman of the Board in 2015. Lorenzo Pellicioli, Vice-Chairman, will lead the board until the next meeting when the new chairman is elected.
Pellicioli thanked Satre for
“his dedicated service and many important contributions” and said, “He successfully guided the company through a transformational merger that created the largest gaming company in the world.”
- Boone Wayson will retire this year as well. Satre will succeed him. Wayson commented on the news saying, “I am proud of our accomplishments and am pleased that someone as outstanding as Phil will succeed me in the role as chairman.”
Elaine Wynn released a statement as well saying,
“I have long respected Phil as a leader in the gaming industry and am confident that his addition to the company’s leadership team, coupled with the plans laid out by management, will bring the company tremendous success in the years to come.”