LAS VEGAS, May 8, 2012 /PRNewswire/ -- Philip Satre, Chairman of the Board, and Patti Hart, Chief Executive Officer of International Game Technology (NYSE: IGT) today issued the following statements in connection with recent developments relating to Ms. Hart's position as a director of Yahoo!:
Statement from Philip Satre, Chairman of IGT's Board of Directors:
"After a thorough review, the IGT Board of Directors has found no material inconsistencies in Patti Hart's academic credentials. The Board unanimously stands behind Patti as our CEO and fully supports her leadership and the direction she has set for the Company. Furthermore, we believe her service as a member of Yahoo!'s Board of Directors could become a distraction from her responsibilities to IGT. We have asked Patti not to seek re-election to the Yahoo! Board and we will closely monitor future developments at Yahoo! and their impact on Patti's responsibilities to IGT."
Statement from Patti Hart, Chief Executive Officer of IGT:
"After careful consideration, I have decided not to stand for re-election to the Yahoo! Board of Directors at the upcoming annual meeting of stockholders. It has been my privilege to serve Yahoo! stockholders and I remain confident in the Company's future. However, my primary responsibilities are to serve as Chief Executive Officer of IGT and to eliminate activities that may interfere with my ability to carry out my commitments to IGT and its valued stakeholders."
International Game Technology (NYSE: IGT) is a global leader in the design, development and manufacture of gaming machines and systems products, as well as online and mobile gaming solutions for regulated markets. More information about IGT is available at www.IGT.com or follow IGT on Twitter at @IGTNews or Facebook at www.facebook.com/IGT.