Light & Wonder announced that its board of directors has named Matt Wilson permanent president and chief executive officer, and a member of the board, effective immediately.
Wilson, who headed the company’s gaming division, has served as interim CEO since Barry Cottle’s departure.
“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 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. 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 Wilson. “I’m excited to work with the best team in the business as we chart our cross-platform future. With a portfolio of evergreen franchises and platforms, combined with a strengthened balance sheet, we’re well positioned to drive substantial growth and shareholder value.”
In connection with Wilson’s appointment, L&W also announced that Siobhan Lane, senior vice president and chief commercial officer of gaming, has been named the new chief executive officer of gaming.
“I am very pleased to announce Siobhan Lane’s appointment as our Gaming CEO,” Wilson said. “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.”
Wilson is a seasoned executive with nearly 20 years of gaming industry experience and a proven record of driving growth and creating value. Prior to joining Light & Wonder, Wilson served as president and managing director, Americas at Aristocrat.
Lane has served as Light & Wonder’s senior vice president and chief commercial officer, gaming, since February 2020, overseeing all aspects of the commercial gaming business, including product management, marketing, and data & analytics.
In addition to her responsibilities as CCO, she led the North America region of gaming. Prior to joining the company, 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.
Lane currently serves as vice president of the Global Gaming Women board of directors.