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JAYMIN B. PATEL IS NAMED GTECH PRESIDENT AND CHIEF OPERATING OFFICER
STEFANO BORTOLI IS NAMED LOTTOMATICA S.p.A. SENIOR VICE PRESIDENT AND CHIEF FINANCIAL OFFICER
ROME, ITALY and PROVIDENCE (RI), US , (May 3 rd , 2007) - Lottomatica S.p.A., announced that it has promoted Jaymin B. Patel to the newly-created position of President and Chief Operating Officer, GTECH Corporation. Mr. Patel will report to Lottomatica S.p.A. and GTECH Chief Executive Officer W. Bruce Turner. Mr. Patel has served as Senior Vice President and Chief Financial Officer of the Company since January 2000.
"Jaymin has been a tremendous contributor to our Company and provides a wealth of experience, enthusiasm, and industry experience to help drive our success in the global gaming markets," said Lottomatica Chief Executive Officer W. Bruce Turner. "Over the past seven years, Jaymin has driven our growth strategy through a myriad of transactions culminating in his leadership in putting together the financing for the Lottomatica acquisition. I look forward to working with him as we pursue the many new and emerging growth opportunities that lie ahead of us."
As President and Chief Operating Officer, Mr. Patel will be responsible for ensuring the Company meets its corporate objectives and revenue-growth goals. Mr. Patel will oversee all GTECH operations and will work in the development of strategic growth opportunities and enhancement of technological solutions to strengthen GTECH's competitive position, and drive operational efficiency, customer satisfaction, market penetration, and organizational development.
Mr. Patel joined GTECH in July 1994, after approximately five years with PricewaterhouseCoopers in London. As the Chief Financial Officer, Mr. Patel managed Corporate Development, Investor Relations, Accounting and Financial Planning, Business Evaluation, Mergers and Acquisitions, Treasury, Corporate Tax, Internal Audit, Global Real Estate, and Manufacturing. Over the last several years, Mr. Patel led GTECH's overall planning and business measurement processes including responsibility for the strategic and annual operating plans.
Mr. Patel holds a BA (Honors) degree from Birmingham Polytechnic (U.K.), and qualified as a Chartered Accountant with PricewaterhouseCoopers, London. Mr. Patel, 39, resides in Providence, Rhode Island, with his wife, Kinnari, and their two children, son Rishi and daughter Jenna.
Stefano Bortoli has been named as Senior Vice President and Chief Financial Officer of Lottomatica S.p.A., reporting to Mr. Turner. Since September 2006, Mr. Bortoli has served as the Chief Financial Officer of Lottomatica's Italian operations.
"Stefano is a seasoned executive who provides valuable international experience to Lottomatica," said Mr. Turner . "He has been instrumental in the integration of GTECH and Lottomatica, and I have every confidence that he will continue to drive our commitment to creating long-term shareholder value."
In his new role, Mr. Bortoli will be responsible for managing the financial strategy for Lottomatica and its operating businesses.
Prior to joining Lottomatica, Mr. Bortoli gained extensive experience in the aerospace industry, serving most recently as the Chief Financial Officer at Alenia Aeronautica S.p.A. He also served as Co-Director General for Strategies, Business Development, International, and Military Sales at Alenia.
Mr. Bortoli is a Chartered Public Accountant, Chartered Public Auditor, and served as Professor of International Economics and Professor of Management and Control at Loyola University in Chicago and LUMSA University in Rome, respectively. He holds an Economics degree (Cum Laude) from Rome University La Sapienza. Mr. Bortoli, 47, is married to Antonella and has a son, Sebastiano. Mr. Bortoli will relocate from Rome to Rhode Island and work from GTECH's global headquarters facility in Providence .
About Lottomatica Group
Lottomatica is one of the world's largest commercial lottery operators and a market leader in the Italian gaming industry. GTECH is a leading gaming technology and services company, providing innovative technology, creative content, and superior service delivery. GTECH and Lottomatica together create a fully integrated lottery operator and gaming technology solutions provider - a combined company with worldwide scale, considerable financial strength, and industry-leading customer solutions. Lottomatica is majority owned by De Agostini, which belongs to a century-old publishing, media, and financial services group. Lottomatica is publicly traded on the Italian Stock Exchange (LTO), and in 2006, had more than €1.6 billion in revenues and 6,000 employees in over 50 countries when combined with GTECH.
For further information:
AD HOC Communication Advisors 02/7606741
Mario Pellegatta - Matteo Cidda 335/1415585
This press release and the previous ones are available on the web site: www.adhoccommunication.it
Lottomatica web site: www.gruppolottomatica.it
GTECH contact: Robert K. Vincent Public Affairs 1-401-392-7452
GTECH web site: www.gtech.com
