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November 8, 2007

Providence-based C.E.O. of GTECH is resigning

PROVIDENCE -- W. Bruce Turner, the Providence-based chief executive officer of GTECH Holdings Corp. and its parent company, Lottomatica SpA, is resigning his post, just one year after GTECH was acquired in a $4.8-billion deal.

Turner announced his resignation this morning in a conference call from Rome. He will leave GTECH on Jan. 1, 2008. He is being replaced by the chairman of Lottomatica, Lorenzo Pellicioli.

Last week, GTECH fired 47 of its Rhode Island employees, a month after disclosing that revenue had slowed in the second quarter of the year.

Lottomatica bought GTECH in August 2006 for $4.8 billion.

-- Journal staff writer Benjamin N. Gedan

Posted by Mike McKinney  at 12:41 PM | Permalink

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