Light & Wonder has stopped searching for a new chief executive and appointed interim CEO Matt Wilson to the role on a permanent basis.

Wilson will also serve as president of the Vegas-based gaming supplier and will join the group’s board of directors, effective immediately.

His promotion comes just over a month after he was named interim CEO following the exit of predecessor Barry Cottle.

Wilson previously acted as CEO of Light & Wonder’s gaming business.

This role has now been taken over by Siobhan Lane, who has moved up the ranks from her position as SVP and CCO of gaming.

Jamie Odell, executive chair of the Light & Wonder board of directors, commented: “The board of directors unanimously determined that Matt is the right choice to lead Light & Wonder’s next chapter given his impressive track record, extensive industry experience and his pivotal role in transforming our business.”

He added: “Matt has demonstrated impressive leadership, strategic vision and a passion for our business. He fully embodies the Light & Wonder culture rooted in embracing innovation, a player-first mentality and a deep commitment to performing and winning as a team.

“The board is confident in Matt’s ability to unlock the full potential of Light & Wonder as we enter this exciting next chapter.”

Light & Wonder executive chair Jamie Odell: “Matt has demonstrated impressive leadership, strategic vision and a passion for our business. He fully embodies the Light & Wonder culture rooted in embracing innovation, a player-first mentality and a deep commitment to performing and winning as a team.”

A seasoned executive with nearly 20 years of gaming industry experience, Wilson led the strategic growth plans for the gaming team in his previous role, while overseeing product development, production, supply chain and sales of the company’s gaming products, systems and services.

Prior to joining Light & Wonder, he served as president and managing director of the Americas at Aristocrat.

“I am honoured that the board has put their trust in me to lead Light & Wonder as we work to capture the incredible opportunities ahead,” Wilson said.

“With a portfolio of unparalleled evergreen franchises, industry leading positions and unmatched platforms, combined with a strengthened balance sheet, we are well-positioned to drive substantial growth and shareholder value,” he added.

Lane, meanwhile, has overseen all aspects of Light & Wonder’s commercial gaming business, including product management, marketing as well as data and analytics, in her previous role.

In addition to her responsibilities as CCO, she led the North America region of gaming.

Commenting on Lane’s appointment, Wilson said: “Siobhan has played a pivotal role in helping me lead the gaming business since joining the Company in 2020, and her strong leadership and depth of experience have helped drive our success.”

He added that Lane has been critical to the company’s “efforts to reposition the business” and described her as “one of the most strategic and capable leaders” he had worked alongside.

Prior to joining Light & Wonder, Lane spent 12 years at Aristocrat Technologies in various roles, serving as senior vice president, marketing and gaming operations before leaving the company in 2019.

She has also recently been appointed vice president of the Global Gaming Women board of directors.

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Global Gaming Women has elected Lauren Bates as first vice president and Siobhan Lane as second vice president of the board of directors.  

Bates currently serves as Konami Gaming’s VP of sales for the western region, while Lane is Light & Wonder’s SVP and CCO.

Global Gaming Women (GGW) is a US non-profit dedicated to supporting, inspiring, and influencing the development of professional women in the gaming industry.

Bates has been with Konami Gaming, a manufacturer of slot machines and gaming enterprise management systems, for more than 16 years and has held various positions throughout this time. Since 2019, she has also been a board member of GGW.

Light & Wonder SVP Siobhan Lane: “It is integral that we continue to create opportunities and spaces that uplift, celebrate and support the countless women in gaming who are inspiring and affecting change.”

Before joining Light & Wonder, Lane rose through the ranks at Aristocrat, joining as regional market specialist in 2007 and leaving 12 years later as SVP of marketing and gaming operations.

Commenting on her election to GGW, Lane said: “As a woman in the industry, this role with GGW is deeply personal to me.

“It is integral that we continue to create opportunities and spaces that uplift, celebrate and support the countless women in gaming who are inspiring and affecting change.”

GGW was established by the American Gaming Association (AGA) to create a broad network that allows peers to connect with their colleagues.

The goal is for female gaming professionals to learn from one another, create lasting connections and nurture female leaders.

Today, more than 100 female gaming executives and emerging leaders are engaged in various GGW committees.