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GTECH NAMES CHARLES CAUTLEY SENIOR VICE PRESIDENT AND CHIEF TECHNOLOGY OFFICER

PROVIDENCE, RI - (May 21, 2007) - GTECH Corporation, a wholly-owned subsidiary of Lottomatica S.p.A., announced that Charles Cautley has joined GTECH as Senior Vice President and Chief Technology Officer. Reporting to Jaymin Patel, GTECH President and Chief Operating Officer, Mr. Cautley is based at GTECH's Rhode Island headquarters, and is responsible for providing the overall technology leadership and strategy for GTECH.

"GTECH is committed to providing our customers comprehensive and robust technology solutions to meet the challenges they face in an ever-changing, ever-evolving marketplace," said W. Bruce Turner, Lottomatica S.p.A. CEO and GTECH CEO. "With the addition of Charles Cautley to our senior management team, I am confident that we will be able to maintain and grow our commitment to innovation, supported by an industry-leading research and development effort."


Mr. Cautley, 42, most recently served as a Chief Information Officer (CIO) for General Electric Capital Solutions, a subsidiary of General Electric Company (GE), in Fairfield, Connecticut. In that position, Mr. Cautley built a new business and information technology team that successfully managed GE's largest software program - a $250 million, six-year project.

Before becoming the CIO of GE Capital Solutions, Mr. Cautley held various senior management roles at GE and its subsidiaries, including serving as the Global CIO of GE Vendor Financial Services; Global CIO of GE Equipment Services; Global CIO of GE Commercial Finance Fleet Services in Minneapolis, Minnesota; and the European CIO and Director of Information Technology for GE Commercial Finance Fleet Services in Belgium. In these positions, Mr. Cautley was responsible for all information technology programs and spending, introduced new growth platforms in Asia and Europe, and developed strategies for GE's off-shore resourcing.

"In our business, the efficient use of technology is a critical factor for success," said Mr. Patel. "Charles has provided exceptional leadership in the high-tech and financial industries both in the United States and abroad, and we are fortunate to have this talented individual guiding our technology strategy."

"I am excited to have joined GTECH at such a pivotal time in the gaming industry," said Mr. Cautley. "As technology advances, new gaming opportunities will develop that call for contemporary solutions. I look forward to combining a dynamic vision for the future with GTECH's traditional technology expertise to meet these new challenges."

Prior to joining GE, Mr. Cautley served as the Senior Manager for Sales and Project Management at PricewaterhouseCoopers International Limited in London, England. In this position, Mr. Cautley specialized in telecommunications billing and financial solutions for major international telecommunications companies.

Earlier in his career, Mr. Cautley was the Regional Manager and Global Oracle Applications Center of Excellence Leader at AT&T Communications, a subsidiary of AT&T Incorporated, in Belgium and New Jersey, where he successfully delivered five key process-changing initiatives for the company. Before joining AT&T, Mr. Cautley worked as a Strategic and Telecommunications Lead Consultant for Oracle Corporation in Bracknell, England.

Mr. Cautley received a Bachelor of Science degree in Mathematics and Computing from the London School of Economics. Mr. Cautley also earned his certification as an Executive Six Sigma Black Belt, a prestigious industry achievement. Mr. Cautley is married with two children and will relocate to Rhode Island from Ridgefield, Connecticut.

GTECH is a leading gaming technology and services company, providing innovative technology, creative content, and superior service delivery.  Lottomatica is one of the world's largest commercial lottery operators and a market leader in the Italian gaming industry.  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.

 

 

 

 

 

 



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