Light & Wonder, Inc. announced that Barry Cottle (l.), who has served as president and CEO of the company— formerly known as Scientific Games—for over four years, is stepping down from his position. Matt Wilson (below), Light & Wonder’s executive vice president and group chief executive of gaming, has been appointed interim CEO while an executive search is conducted, while also continuing in his current role.
Cottle will continue serving the company as a consultant while the search is conducted for a new CEO. 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.
Wilson joined the company in March 2020, just before the industry shut down due to Covid-19. He previously had spent 16 years at Aristocrat, where he oversaw a transformation of that company’s North American business under Jamie Odell, the current executive chairman of Light & Wonder who was CEO of Aristocrat at the time. He ultimately went on to become president and managing director, Americas at Aristocrat.
Wilson was one of several former Aristocrat colleagues Odell brought to the company, including Vice-Chair Toni Korsanos.
Cottle became the company’s CEO in June 2018, after serving seven years as CEO of SG Interactive. During his time at the helm, he oversaw the company’s efforts to shed its lottery and sports betting businesses to concentrate on producing games for omnichannel distribution, and its subsequent rebranding as Light & Wonder.