Alberto Fornaro joins Lottomatica as CFO

“Alberto's business development acumen and extensive financial and operational management experience make him an outstanding choice for our management team as we balance the execution of new growth opportunities with appropriate financial discipline and compliance,” said Lottomatica Group CEO Marco Sala.

“His career is broad based with significant international exposure and he has provided leadership across all areas of strategic planning, operations, finance, accounting, and administration. His high standard for operational excellence aligns well with Lottomatica Group's strategic plans and initiatives.”

Fornaro brings more than 20 years of financial experience and a strong record of financial operations expertise and execution. Most recently, Fornaro served as Group CFO and President of EMEA (Europe, Middle East, Africa) at DICE, a company formed by the construction equipment business of Bobcat and Doosan Infracore, whose worldwide headquarters are located in Georgia, US. 

During his tenure at DICE, Fornaro led numerous integration programs and several cost-saving initiatives, helping the company to weather the recent economic downturn and emerge an even stronger player in a highly-competitive industry. Fornaro also served as General Manager and CFO of Technogym, the second largest worldwide manufacturer of fitness equipment. Additionally, he spent 12 years at Case New Holland (CNH) Global/Fiat Group in Italy and the U.S. 

CNH is a leading global agricultural and construction equipment manufacturer with Fiat S.p.A. as its majority shareholder.  At CNH, Fornaro served in many different financial capacities at the Vice President level.  Prior to CNH, he was Vice President of Group Foreign Exchange and Currency Flows for Fiat Group. 

Fornaro holds a bachelor’s degree in Economics & Banking from the University of Siena, Italy; a master’s degree in Banking & Finance from the University of Siena’s Post Graduate School in Banking & Finance, Italy; and was a Visiting Scholar at the Ph.D. Program in Economics at Columbia University, New York. He will share his time between Lottomatica Group’s offices in Rome, Italy and in Providence, Rhode Island (US).