Light & Wonder has announced that CFO Connie James will step down from her role at the end of August to pursue new opportunities away from the betting and gaming industry.
James will depart Light & Wonder on August 25, bringing to a close nearly four years of service to the company that has gone through a large transformation.
She oversaw the financial transition from the sale of both the Scientific Games lottery unit and OpenBet during 2021 and 2022, with the moves “transforming” the company’s balance sheet by wiping debt levels and paving the way for the rebrand to Light & Wonder.
Matt Wilson, Chief Executive Officer 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. On behalf of the Board and management team, I wish her well in her future endeavors.”
James commented on her departure: “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.
“I am confident that Light & Wonder is well-positioned for continued success, and I am focused on ensuring a seamless transition over the coming months.”
James will be replaced on an interim basis by Oliver Chow, the firm’s current SVP of Corporate Finance.
Chow joined L&W last October following similar roles at Aristocrat, where he served as CFO – Americas, EMEA, and Customer Experience.
He has also spent time with Universal, Deluxe Entertainment, and JP Morgan Chase Co.
“We are pleased and fortunate to have a leader of Oliver’s caliber step into the role of Interim CFO,” Wilson continued.
“With more than 15 years of entertainment and gaming leadership experience and deep financial expertise, we are confident that Oliver is well-positioned to support the continued execution of our financial priorities while the Board conducts its search.”