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WHOS WHO
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Jaymin Patel
Jaymin B. Patel

 

SNAP SHOT

Current Position

Chief Executive Officer of GTECH Holdings Corp

Career Brief

Senior Vice President and Chief Financial Officer of GTECH Holdings Corp. from January 2000 to May 3, 2007
Chief Financial Officer of Lottomatica S.p.A from August 2006 to April 2007
Chartered Accountant PricewaterhouseCoopers in London

Education

Mr. Patel holds a BA (honors) degree from Birmingham Polytechnic (UK) (now the University of Central England) in Birmingham and
qualified as a Chartered Accountant with PricewaterhouseCoopers, London

Residence

Providence, Rhode Island
Social Network

 

Biography: Jaymin B. Patel President and Chief Operating Officer of GTECH Corporation

As President and Chief Operating Officer of GTECH Corporation, Jaymin Patel is responsible for managing the Company’s operational functions and ensuring that the Company meets its corporate objectives and revenue-growth goals. Working with all GTECH operations, Patel oversees the development of strategic growth opportunities and the enhancement of technological solutions to strengthen operational efficiency, customer satisfaction, market penetration, and organizational development.
Patel joined GTECH in July of 1994, after approximately five years with PricewaterhouseCoopers in London. Since then, he has had a series of increasingly responsible financial positions within the Company, including Finance Director of GTECH’s European and African Operations and Vice President of Financial Planning & Business Evaluation. From January 2000 to April 2007, Patel served as Senior Vice President and Chief Financial Officer of GTECH Corporation, and from August 2006 to April 2007, he also served as Chief Financial Officer of Lottomatica S.p.A.
During his seven years as Chief Financial Officer of GTECH, Patel was instrumental in driving growth across the business, leading cost optimization initiatives, and substantially improving the capital efficiency of the Company. Patel’s tenure as the Chief Financial Officer culminated in his leadership in coordinating the financing for the Lottomatica acquisition of GTECH.
Patel holds a BA (honors) degree from Birmingham Polytechnic (UK), now the University of Central England in Birmingham, and qualified as a Chartered Accountant with PricewaterhouseCoopers, London.

 

A Personal 'Snap Shot' Of JAYMIN B. PATEL

 

Ten questions for ....
JAYMIN B. PATEL, President and Chief Executive Officer GTECH Corporation

Q: What was your first job?
A: Trainee Accountant at PricewaterhouseCoopers in London.
Q: Name a business leader you admire.
A: I admire a lot of business leaders but true inspiration comes from someone who can effect a generational change like Nelson Mandela.
Q: What's the secret to business success?
A: Having the courage and conviction to lead the organization to new heights.
Q: What's the best piece of advice you have ever received?
A: Treat everyone with respect and expect the best from people.
Q: What is your greatest regret in business?
A: I wish I was able to better manage my personal life with my business life.
Q: What skills or qualities do you wish you had?
A: Being more thoughtful about how to get the best out of people. I also wish I had a better flair for consumer behaviour and marketing as our industry continues to evolve.
Q: What are you reading?
A: "Steve Jobs" by Walter Isaacson.
Q: What are the highs of your current job?
A: I work in a highly dynamic, evolving industry with great people and I deal with complex, international business considerations.
Q: And the lows?
A: I travel so much that I'm often away from my family.
Q: How do you achieve work life balance?
A: Everyone has to make a personal decision about this. It's not always easy, but I have a wife who is smarter than me and she makes it all work.

 

News

 

 

 

 

 

Archived News

 

GTECH’s Jaymin B. Patel As Told to Elizabeth Olson
NEW YORK (January 9, 2010) -- I was born in Nairobi, part of the Indian migration to Kenya. My grandfather came first, to work on the East African railroad. My father worked as a grocery store clerk and then as a bank cashier until he and my mother moved to England in 1970, hoping for a better life and better education for my sister and me. They settled in West Harrow, outside London. My father worked as an accounts clerk, and my mother as a machinist in a factory. We were a working-class family where education was the key to moving ahead.
So my parents were none too pleased when I took on a paper route at the age of 11, then, the next year, began working on weekends and during vacations at a local grocery store owned by some family friends.
I attended local public schools, when it wasn’t the easiest time to be an immigrant in Britain. I made friends by playing cricket and soccer, and learned to play the euphonium, a four-valved brass instrument, and joined the school’s brass band. But trying to fit in — and working at the store while going to school — meant that my grades slipped. It seemed more interesting to work in a shop, but my mother kept insisting that I get a full education.
I was accepted to university at Birmingham Polytechnic, where I graduated with an honors degree in accountancy in 1989. I joined PricewaterhouseCoopers in London and trained to become a chartered accountant. In 1992, I was assigned to work with a consortium of five companies, including Cadbury Schweppes and Gtech. Called the Camelot project, the consortium was organized to bid on operating Britain’s newly approved national lottery. That assignment was a heady experience for a man in his early 20s.
Afterward, GTECH asked me to become the financial controller of its newly created British subsidiary. Initially, it owned 22.5 percent of Camelot, but that stake was later sold.
I worked as finance director for Gtech’s European and African businesses, bidding, for example, to run South Africa’s lottery. Our business is to turn a country’s or a state’s traditional paper lottery into a centralized operation. We operate in more than 50 countries.
In the spring of 1997, Gtech asked me to move to the United States, which was an easy career decision. It was much harder for my wife, Kinnari, and me to uproot ourselves from friends and family.
My wife and I joke about it now, but in those days I didn’t have much time to be a family man. My job kept me on the road regularly. I had to learn about the differences in the way countries approached lotteries and gambling. When Gtech’s chief financial officer retired in 1999, I hoped to win his job. But there was concern whether, at age 32, I was ready. I became acting chief financial officer initially, and was later promoted. In May 2007, I was named president and chief operating officer, and not long after we were bought by Lottomatica, the operator of Italy’s lottery. In January 2008, I became chief executive of Gtech. We often compete for business in highly charged political environments, and there were allegations that Gtech used undue influence to win lottery contracts — we serve approximately 100 lotteries globally — but we haven’t had to deal with any such concerns recently. My traveling days are far from over; I fly to various countries, and to Rome for board meetings. But I do have more time for my family now. We take periodic trips to India, particularly to Gujarat, the region my family is from. My maternal grandmother still lives there, and a year ago we visited because we want our children to know India and to see a small facility the family is building for 17 orphans in the area.
SOURCE: The New York Times.

CEO Jaymin Patel Featured On Nationally-Syndicated Radio Program
RHODE ISLAND, (November 3, 2009) - GTECH President and CEO Jaymin Patel was featured on the nationally-syndicated radio program, The CEO Show, on Sunday, November 1.
Jaymin discussed the worldwide lottery industry and how lotteries serve as an important revenue generator for governments during these tough economic times.
Jaymin has conducted several similar interviews as part of the Company’s efforts to help educate the public on the benefits of lottery modernization and best-practice implementation.
As world leaders in lottery solutions and gaming technology, it is important to be in the public domain as knowledge leaders on this matter.
Subscribers forward to archive news edition for link
SOURCE: GTECH.com.

New Outline of Lottomatica Board of Directors
Jaymin Patel In The Board Of Directors Of Lottomatica
ROME, Italy -- PROVIDENCE, Rhode Island (USA) (November 9, 2007) - Lottomatica announces, effective on this date, that Jaymin Patel, Chief Executive Officer of GTECH Corp., has been appointed to the Board of Directors in replacement of Paolo Ainio, who resigned on October 5, 2007. Jaymin Patel, will remain in office until the next shareholders' general meeting. To this date, Jaymin Patel owns approximately 180,000 Lottomatica shares, as per the company's register.
SOURCE: Lottomatica S.p.A.

 



 
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