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Posted 11 October, 2022

Light & Wonder, Inc. appointed new CEO

CEO Change detected for ticker Nasdaq:LNW in a 8-K filed on 11 October, 2022.


  On October 6, 2022, the Board of Directors (the "Board") of Light & Wonder, Inc. (the "Company") appointed Matthew Wilson the Company's President and Chief Executive Officer and elected Mr. Wilson as a director of the Company, each effective as of October 10, 2022 (the "Effective Date").  

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Overview of Light & Wonder, Inc.
Leisure/Arts/Hospitality • Gambling Industries
Light & Wonder, Inc. is a cross-platform global games company, which engages in the development of content and digital markets. It operates through the following segments: Gaming, SciPlay, and iGaming. The Gaming segment includes the design, manufacture, marketing, and distribution of portfolio of gaming products and services. The SciPlay segment involves the development and publishing of digital games on mobile and web platforms. The iGaming segment focuses on the provision of digital gaming content, distribution platforms, player account management systems, and services. The company was founded on July 2, 1984 and is headquartered in Las Vegas, NV.
Market Cap
$9.16B
View Company Details
Light & Wonder, Inc. by TradingView
Relevant filing section
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.


Appointment of Officers; Election of Director


On October 6, 2022, the Board of Directors (the "Board") of Light & Wonder, Inc. (the "Company") appointed Matthew Wilson the Company's President and Chief Executive Officer and elected Mr. Wilson as a director of the Company, each effective as of October 10, 2022 (the "Effective Date"). In addition, Ms. Siobhan Lane was appointed Executive Vice President and Group Chief Executive of Gaming, as of the Effective Date.


In connection with Mr. Wilson's appointment, Mr. Wilson will receive: (1) an annual base salary of $1,300,000, effective as of the Effective Date, (2) an annual target bonus opportunity of 100% of his base salary; and (3) eligibility for annual equity awards with an aggregate grant date fair value of approximately 300% of his base salary. All other material terms and conditions of Mr. Wilson's employment, including his severance terms, remain consistent with his employment agreement with the Company, dated as of July 6, 2019, as amended from time to time.


Mr. Wilson, age 41, has served as interim President and Chief Executive Officer since August 2022 and as Executive Vice President and Group Chief Executive of Gaming since March 2020. Mr. Wilson has over sixteen years of gaming industry experience. Prior to his role at the Company, he was President and Managing Director of the Americas at Aristocrat from February 2017 until August 2019. Mr. Wilson began his tenure at Aristocrat in 2004 and held several significant positions in a variety of Aristocrat's markets during his time there, including serving 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.


Ms. Lane, age 41, has served as Senior Vice President and Chief Commercial Officer, Gaming, since February 2020. In addition to her responsibilities as Chief Commercial Officer, she led the North America region of Gaming. Prior to her role at the Company, Ms. Lane spent 12 years at Aristocrat in roles of increasing 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.