Light & Wonder Appoints Michael Marchetti to Board of Directors
Light & Wonder, Inc. (NASDAQ and ASX: LNW) appoints Michael Marchetti, a former director of SciPlay Corporation, to its Board of Directors. Marchetti brings mobile gaming experience and financial expertise to maximize shareholder value.
01/08/2024 - 09:00 AM
Marchetti Served on Board of SciPlay Corporation Since 2019
LAS VEGAS --(BUSINESS WIRE)--
Light & Wonder, Inc. (NASDAQ and ASX: LNW) (“Light & Wonder,” “L&W” or the “Company”) announced today that Michael Marchetti has been appointed as a member of its Board of Directors. He previously served as a director of SciPlay Corporation. Light & Wonder acquired the remaining public shares of SciPlay in October of last year.
Jamie Odell, Executive Chair of Light & Wonder, said, “We are pleased to welcome Michael to the Light & Wonder Board as a new independent director. Michael has a wealth of mobile gaming experience and a strong financial background that will help us continue to maximize value for our shareholders.”
“I’m excited to join the Light & Wonder Board at this time,” said Mr. Marchetti. “Light & Wonder is operating from a position of strength, and I look forward to applying my experience and passion for the business, along with my fellow directors, to deliver value to the shareholders of this great company.”
Throughout his career, Mr. Marchetti has held various leadership positions in both financial institutions and gaming companies, including Merrill Lynch, Electronic Arts, and Buffalo Studios. He currently serves as the CFO of Age of Learning, Inc.
Mr. Marchetti’s appointment is effective January 15, 2024, and he will stand for re-election at this year’s annual meeting.
About Light & Wonder, Inc.
Light & Wonder, Inc. is the leading cross-platform global games company. Through our three unique, yet highly complementary businesses, we deliver unforgettable experiences by combining the exceptional talents of our 6,000+ member team, with a deep understanding of our customers and players. We create immersive content that forges lasting connections with players, wherever they choose to engage. At Light & Wonder, it’s all about the games. The Company is committed to the highest standards of integrity, from promoting player responsibility to implementing sustainable practices. To learn more visit www.lnw.com .
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Media Inquiries
Andy Fouché, Vice President of Corporate Communications
+1 206 697 3678
afouche@lnw.com
Investor Inquiries
Nick Zangari, Senior Vice President of Investor Relations
+1 702 301 4378
ir@lnw.com
Source: Light & Wonder, Inc.
Who has been appointed to the Board of Directors of Light & Wonder, Inc.?
Michael Marchetti, a former director of SciPlay Corporation, has been appointed to the Board of Directors of Light & Wonder, Inc.
What is the ticker symbol for Light & Wonder, Inc.?
The ticker symbol for Light & Wonder, Inc. is LNW on both NASDAQ and ASX.
When did Light & Wonder acquire the remaining public shares of SciPlay Corporation?
Light & Wonder acquired the remaining public shares of SciPlay Corporation in October of last year.
What is Michael Marchetti's current position?
Michael Marchetti currently serves as the CFO of Age of Learning, Inc.
When is Michael Marchetti's appointment effective?
Michael Marchetti's appointment is effective January 15, 2024, and he will stand for re-election at this year's annual meeting.
Light & Wonder Inc
NASDAQ:LNW
LNW Rankings
#666 Ranked by Stock Gains
LNW Stock Data
Industry
Computer Systems Design Services
Sector
Professional, Scientific, and Technical Services
Country
US
City
Las Vegas
About LNW
scientific games is a leading innovator in the global lottery and regulated gaming industries. beginning with the breakthrough technology that launched the world’s very first secure instant lottery game in 1974, the company has continued to advance the games, technology, programs, marketing research and security that have been a driving force behind the success of more than 300 customers on six continents over the last 40 years. through the knowledge and experience of over 3,500 employees, scientific games serves customers from advanced-technology manufacturing and operational facilities in north america, south america, europe, asia and australia, with additional facilities located throughout the u.s. and around the world based on customer requirements. scientific games is the industry’s only full-service provider offering diverse products, technology and services that can be customized to meet the unique requirements of virtually any lottery or gaming jurisdiction, including: • i