The iGaming giant appoints an Interim CEO
Earlier this week, it was announced that Light & Wonder's CEO, Barry Cottle, would be stepping down from his role. Not wasting any time, the global gaming supplier, Light & Wonder, has announced an Interim CEO with Matt Wilson.
Although Cottle has stepped down as President, CEO and as a member of the Board of Directors, he will support a seamless transition as a consultant. Wilson joined the team in 2020 as the CEO of Gaming with over 20 years of experience within the iGaming sector.
“Better positioned than ever to capitalise,” says Wilson
“I am honoured to take on the role of interim CEO during this exciting time for our company,” said Wilson. “With a streamlined organisation, sharpened strategic focus and strengthened balance sheet, we are now better positioned than ever to capitalise on the incredible opportunities ahead for the business.”
He added: “I look forward to working closely with the rest of the leadership team in this new capacity as we continue to accelerate our progress as a sustainable growth company.”
“Now is the right time to make this leadership transition,” says Light & Wonder
“As we enter the next chapter of our growth journey as the leading cross-platform global game company, we are confident that now is the right time to make this leadership transition,” said Jamie Odell, Executive Chair of Light & Wonder.
“Our Executive Vice Chair, Toni Korsanos, and I have worked closely with Matt for over 10 years, including most recently as he has successfully worked to turn around and reposition Light & Wonder’s Gaming business for long-term growth.”
“We are confident that his strategic insights, deep industry knowledge, rich experience and impressive track record make him the ideal person to serve as interim CEO during this transition period.”
“Look forward to working closely with Matt,” says Light & Wonder
“We thank Barry for all of his contributions to the fundamental reshaping of the Company that has positioned it for continued success,” said Odell. ”With our transformed balance sheet, continued strong business momentum and great progress executing on our capital allocation priorities, we see a tremendous opportunity to drive shareholder value.”
He concluded: ”We look forward to working closely with Matt and the rest of the management team as we continue to execute on our strategic roadmap and deliver on our growth targets.”