Light & Wonder, Inc. announced that Matt Wilson, Light & Wonder's Executive Vice President and Group Chief Executive of Gaming, has been appointed interim Chief Executive Officer while also continuing in his current role. In connection with the appointment, Barry Cottle has stepped down as Chief Executive Officer. The Company's Board has commenced a search process to identify a permanent CEO and has engaged a leading national executive search firm.

The search builds on the Board's well-established succession planning process and will include both internal and external candidates. Mr. Wilson is a seasoned executive with nearly 20 years of gaming industry experience with a proven record of driving growth and creating value. In his role as Light & Wonder's Executive Vice President and Group Chief Executive of Gaming, he led the strategic growth plans for the Gaming team while overseeing product development, production, supply chain and sales of the Company's Gaming products, systems and services.

Prior to joining Light & Wonder, Mr. Wilson served as President and Managing Director, Americas at Aristocrat. During his tenure with Aristocrat, he also served 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.