Light & Wonder CFO Connie James Steps Down in Pursuit of New Career
LISTEN TO THIS ARTICLE:Light & Wonder, a prominent player in the gaming industry, announced today that Connie James, its Executive Vice President (EVP), Chief Financial Officer (CFO), Treasurer, and Corporate Secretary, will be stepping down from her roles and leaving the company effective August 25.
James' departure comes because of her desire to explore a new career path outside the gaming industry.
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.
Following her departure, Oliver Chow, Light & Wonder's current Senior Vice President of Corporate Finance, will assume the position of CFO on an interim basis. This arrangement will allow the gaming company sufficient time to identify and appoint a new permanent CFO. Light & Wonder has engaged the services of a prominent firm to assist in the search for a suitable candidate.
Chow joined Light & Wonder in October 2022, bringing with him over 15 years of leadership experience in the entertainment and gaming industry from companies like Aristocrat, Universal Pictures and more.
Continued Growth of Light & Wonder
Matt Wilson, the current chief executive officer, also wished Connie James luck in her future endeavors.
With his extensive expertise and background, we believe Oliver is well-equipped to support the continued execution of our financial priorities while the Board conducts its search.
Connie has played a key role in advancing Light & Wonder's cultural and financial transformation, which has resulted in operational excellence, double-digit growth, and a strengthened balance sheet. She has also helped build a highly skilled finance team that will facilitate a seamless transition to the next chapter of financial leadership within the company. On behalf of the Board and management team, I wish her the best in her future endeavors.
Light & Wonder, known for its innovative gaming products and immersive experiences, has experienced significant growth and success under James' leadership. Her departure marks a turning point for the company, as it seeks to find a new CFO who will continue to drive financial excellence and contribute to its ongoing success.
As the gaming industry continues to evolve and expand, Light & Wonder remains committed to its vision of delivering exceptional gaming experiences to its global audience. The appointment of a new CFO will undoubtedly play a crucial role in shaping the company's financial strategy and further strengthening its market position in the years to come.
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