Light & Wonder has announced the shocking news that CFO Connie James will exit her roles as chief financial officer, executive vice president, treasurer and company secretary.
James has decided to leave Light & Wonder in hopes of pursuing alternative options outside the gambling industry and will be relived of her duties from August 25th.
Oliver Chow, senior vice president of corporate finance at Light & Wonder, will become interim CFO in the absence of Connie James until a permanent replacement is appointed.
Light & Wonder has already commenced a search to appoint a new CFO, as James’ three-year spell at the company comes to an end.
In 2020, James became a member of the Light & Wonder team, back when the business was known as Scientific Games. She was CFO of Scientific Games and retained this role following the rebrand last year.
Light & Wonder chief executive Matt Wilson paid tribute to James and the part she played in the company’s transformation.
Wilson 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 endeavours.”
James was positive upon her exit from the company and claimed to be very ‘confident’ that the company will be successful in the coming years.
She said: “I’m confident Light & Wonder is well-positioned for continued success and focused on ensuring a seamless transition.”
James’ exit has been used to highlight Light & Wonder’s fnancial targets, as the huge the business published its second quarter results in August.
The business remains on track to achieve adjusted earnings before interest, tax, depreciation and amortisation of $1.40bn by 2025.
Louis Fargher is a sports betting writer, specializing in Football news and statistics. Publishing online articles for the Burton Albion website and producing match-day content for Chesterfield Academy. The main responsibility being to write match reports while updating the social media for the Burton Albion Ladies side. Louis has also gained experience through attending press-boxes in Premier League and EFL stadiums for his University site.
