Light & Wonder’s Connie James has stepped down from her roles as EVP, CFO, Treasurer and Corporate Secretary with the company. Oliver Chow, current SVP of Corporate Finance, will assume the position of Interim CFO following her departure.
James began her time as CFO with Light & Wonder in 2020 and will be continuing with a different direction within the gaming industry. Chow joined the company in October 2022, but has held senior finance roles for five years at Aristocrat, including CFO – Americas, EMEA and Customer Experience.
The Board of Directors at Light & Wonder has begun the recruitment process, from a pool of both internal and external candidates, for a permanent CFO.
James said of her time with the company, “Serving alongside such a talented team has been a highlight of my career, and I am very proud of what we’ve accomplished together. We have scaled our business, evolved our capital allocation strategy and driven considerable efficiencies that have created a stronger, more flexible Light & Wonder.”
The company has also confirmed that it is still on target to reach $1.4bn consolidated AEBITDA by 2025, a goal announced during its Investor Day in May 2022. Light & Wonder’s Q2 results will be shared in August.
Matt Wilson, CEO of Light & Wonder, said, “Connie has played a key role in advancing Light & Wonder’s cultural and financial transformation, which has led to operational excellence, double-digit growth and a strengthened balance sheet. She also helped us build a deep and talented finance team that will help provide a smooth transition to the next chapter of financial leadership within the company.
“We are pleased and fortunate to have a leader of Oliver’s caliber step into the role of Interim CFO. We are confident that Oliver is well-positioned to support the continued execution of our financial priorities while the Board conducts its search.”
