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| W. Bruce Turner |
Biography: W. Bruce Turner CEO of
Lottomatica S.p.A. and GTECH Corporation
As President and Chief Executive Officer of
GTECH Holdings Corporation, W. Bruce Turner
is responsible for overseeing the strategic direction of the Company and its
operational functions. He works directly with GTECH's management team to
execute the Company's vision in the continuous effort to deliver value to its
customers, shareholders, and employees. Turner also serves as a Director on
GTECH's Board. He joined GTECH's Board in October 1999 and served as Chairman
of the Board from July 2000 through August 2002.
Under Turner's leadership, GTECH has experienced
significant growth. In the last five years, GTECH's stock has increased
six-fold and outperformed the S&P 500 by 524 percent; total revenues grew
34 percent; earnings per share rose three-fold, or 200 percent; and the
Company's lottery customer base has expanded by 11 percent. Working closely
with his senior management team, Turner has laid out the most ambitious growth
plan in the companies' history combining opportunity in traditional lottery,
gaming solutions, and selected commercial service markets in a coordinated
fashion driving value for GTECH customers worldwide.
For the 10-year period from 1989 to 1999, Turner
worked on Wall Street with two firms and was widely recognized as the premier
equity analyst in the gaming and leisure industry. Institutional Investor
magazine repeatedly ranked him as the finest global analyst in the gaming
field. Gaming and Wagering business magazine ranked him as one of the 25
most powerful people in the gaming industry.
Turner, a graduate of the United States Military
Academy at West Point, received his Master of Arts in Management and
Supervision from Central Michigan University. Turner also earned a Master of
Business Administration from the University of Tampa in Tampa, Florida.
Leadership Changes ROME (ITALY) -
PROVIDENCE, RHODE ISLAND (US) (November 08, 2007) Also at the Board of
Directors meeting, it was announced that W. Bruce Turner, Chief Executive
Officer of Lottomatica S.p.A. and GTECH Corporation, has tendered his
resignation effective from December 31, 2007 at the latest. Citing his intent
to pursue an opportunity to start an investment firm, Mr. Turner noted that he
has overseen the successful integration of GTECH and Lottomatica and positioned
the Company well for future growth. The Board of Directors accepted Mr.
Turner's resignation and thanked him for his service. Upon Mr. Turner's
departure, Lorenzo Pellicioli, Chairman of Lottomatica S.p.A., will take on the
additional responsibilities of Chief Executive Officer of Lottomatica
Group. In addition, Jaymin Patel, currently President and Chief Operating
Officer of GTECH, will become Chief Executive Officer of GTECH
Corporation. Commenting on the changes, Mr. Pellicioli said, "I am
confident in Lottomatica's growth plan and committed to driving its continued
success. I look forward to working with our operational leaders, Marco
Sala Managing Director for the Italian operations - and Jaymin
Patel, to ensure that we are successful in taking advantage of the significant
opportunities ahead and deliver enhanced value to our
shareholders." |