Light & Wonder Names Matt Wilson Chief Executive Officer
October 10 2022 - 4:15PM
Business Wire
Siobhan Lane Named Chief Executive Officer of
Gaming Business
Light & Wonder, Inc. (NASDAQ: LNW) (“Light & Wonder,”
“L&W” or the “Company”), today announced that its Board of
Directors has named Matt Wilson as President and Chief Executive
Officer and a member of the Company’s Board of Directors, effective
immediately. Mr. Wilson has served as interim Chief Executive
Officer since August 2022 and previously served as Chief Executive
Officer of the Company’s Gaming business.
“The Board of Directors unanimously determined that Matt is the
right choice to lead Light & Wonder’s next chapter given his
impressive track record, extensive industry experience and his
pivotal role in transforming our business,” said Jamie Odell,
Executive Chair of the Light & Wonder Board of Directors. “Matt
has demonstrated impressive leadership, strategic vision and a
passion for our business. He fully embodies the Light & Wonder
culture rooted in embracing innovation, a player-first mentality
and a deep commitment to performing and winning as a team. The
Board is confident in Matt’s ability to unlock the full potential
of Light & Wonder as we enter this exciting next chapter.”
“I am honored that the Board has put their trust in me to lead
Light & Wonder as we work to capture the incredible
opportunities ahead,” said Mr. Wilson. “I am excited to work with
the best team in the business as we chart our cross-platform
future. With a portfolio of unparalleled evergreen franchises,
industry leading positions and unmatched platforms, combined with a
strengthened balance sheet, we are well-positioned to drive
substantial growth and shareholder value.”
In connection with Mr. Wilson’s appointment, the Company also
announced that Siobhan Lane, Senior Vice President and Chief
Commercial Officer of Gaming, has been named the new Chief
Executive Officer of Gaming.
Mr. Wilson continued, “I am very pleased to announce Siobhan
Lane’s appointment as our Gaming CEO. Siobhan has played a pivotal
role in helping me lead the Gaming business since joining the
Company in 2020, and her strong leadership and depth of experience
have helped drive our success. Siobhan has been critical to our
efforts to reposition the business and is one of the most strategic
and capable leaders I have had the pleasure of working alongside. I
look forward to continuing to collaborate with Siobhan in this new
role and am confident that under her leadership, our Gaming
business is well-positioned for continued growth.”
About Matt Wilson
Mr. Wilson is a seasoned executive with nearly 20 years of
gaming industry experience and a proven record of driving growth
and creating value. In his role as Light & Wonder’s Executive
Vice President and Group Chief Executive of Gaming, he led the
strategic growth plans for the Gaming team while overseeing product
development, production, supply chain and sales of the Company’s
Gaming products, systems and services. Prior to joining Light &
Wonder, Mr. Wilson served as President and Managing Director,
Americas at Aristocrat. During his tenure with Aristocrat, he also
served as Senior Vice President of Global Gaming Operations, and
Senior Vice President of Sales and Marketing, Americas. He holds a
Bachelor of Commerce from the University of Wollongong and
completed the Advanced Management Program at Wharton Business
School.
About Siobhan Lane
Ms. Lane has served as Light & Wonder’s Senior Vice
President and Chief Commercial Officer, Gaming, since February of
2020, overseeing all aspects of the commercial Gaming business -
including product management, marketing and data & analytics.
In addition to her responsibilities as Chief Commercial Officer,
she led the North America region of Gaming. Prior to joining the
Company, Ms. Lane spent 12 years at Aristocrat Technologies in
increasing roles of responsibility, finishing as Senior Vice
President, Marketing and Gaming Operations, during which time she
helped lead the organizational transformation and market turnaround
of Aristocrat in the North American region. Ms. Lane currently
serves as Vice President of the Global Gaming Women (GGW) Board of
Directors. She graduated with distinction from Penn State
University with a Bachelor of Science degree in Marketing and
International Business and recently completed the Executive
Development Program at The Wharton School at the University of
Pennsylvania.
About Light & Wonder, Inc.
Light & Wonder, Inc. (formerly known as Scientific Games
Corporation), is a global leader in cross-platform games and
entertainment. The Company brings together approximately 6,000
employees from six continents to connect content between land-based
and digital channels with unmatched technology and distribution.
Guided by a culture that values daring teamwork and creativity, the
Company builds new worlds of play, developing game experiences
loved by players around the globe. Its OpenGaming™ platform powers
the largest digital-gaming network in the industry. The Company is
committed to the highest standards of integrity, from promoting
player responsibility to implementing sustainable practices. To
learn more, visit lnw.com.
Forward-Looking Statements
In this press release, the Company makes "forward-looking
statements" within the meaning of the U.S. Private Securities
Litigation Reform Act of 1995. Forward-looking statements can often
be identified by words such as "will," "may," "should," “could,”
“expect,” “target” or comparable words. These statements are based
upon management's current expectations, assumptions and estimates
and are not guarantees of timing, future results, or performance.
Therefore, you should not rely on any of these forward-looking
statements as predictions of future events. Actual results may
differ materially from those contemplated in these statements due
to a variety of risks, uncertainties and other factors, including
those factors described in the Company’s filings with the
Securities and Exchange Commission (the “SEC”), including the
Company’s current reports on Form 8-K, quarterly reports on Form
10-Q and its annual report on Form 10-K that was filed with the SEC
on March 1, 2022 (including under the headings "Forward-Looking
Statements" and "Risk Factors"). Forward-looking statements speak
only as of the date they are made and, except for the Company’s
ongoing obligations under the U.S. federal securities laws, the
Company undertakes no obligation to publicly update any
forward-looking statements whether as a result of new information,
future events or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20221010005752/en/
Investor Inquiries Jim Bombassei, Senior Vice President
of Investor Relations jbombassei@lnw.com
Media Inquiries Nick Lamplough / Lucas Pers / T.J.
O'Sullivan, Joele Frank, Wilkinson Brimmer Katcher, +1 212 355
4449
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