Hector Fernandez to Lead IGT and Everi Combined Operations
Apollo Global Management has named Hector Fernandez as the CEO of the combined IGT/Everi, effective by the end of 2025.
Building on his Aristocrat's success, Fernandez will navigate IGT and Everi's transition process.
LISTEN TO THIS ARTICLE:Before his new appointment, Fernandez served as the CEO of Aristocrat. During his two-year tenure, he reportedly drove Aristocrat's growth and profitability, setting the stage for his new venture. Following his resignation from the company, he was succeeded by Craig Toner.
Building on his Aristocrat's success, Fernandez will navigate IGT and Everi's transition while ensuring cultural continuity and operational efficiency. However, due to the non-compete period agreed upon in his previous role, he will officially start his tenure by the final quarter of 2025.
Until Fernandez's arrival, Nick Khin, the President of IGT, will assume interim CEO duties at the merged company.
I couldn't be more excited to be part of this journey with IGT Gaming and Everi. I look forward to partnering with the very talented teams at both companies, as well as the Apollo team leading the transaction.
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Global Vision for IGT and Everi Takes Shape
In March, IGT revealed that it will spin off its Global Gaming and PlayDigital businesses and merge them with Everi. After the completion of the merger, Everi will undergo a name change to International Game Technology Inc.
The two companies were acquired by Apollo Global in July for $6.3 billion. Since then, Fernandez's appointment represents the first significant update in the combined IGT-Everi operations.
We’re thrilled to name Hector Fernandez as the future CEO of the combined enterprise. As we look to position IGT Gaming and Everi as a premier, diversified, customer-centric platform at the forefront of innovation in the gaming and fintech industries, Hector brings an impressive track record of successfully scaling operations and strengthening customer relationships while being a champion for strong values. Hector shares our vision to lead this talented global workforce and will foster a people-first culture across the combined enterprise.
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