Casino gaming technology provider Light & Wonder has announced that its Chief Financial Officer, Connie James, is going to be stepping down, effective August 25th.
In a Monday filing, the group noted that Oliver Chow would be stepping in to serve as interim CFO, as the company starts the search for a permanent replacement.
The group notes that itโs looking at โboth internal and external candidates for the roleโ.
James is stepping down from the role โto pursue another opportunityโ, notes the company.
The company is left with many positions to fill after Jamesโ departure โ as she also acted as the companyโs Executive Vice President, Treasurer and Corporate Secretary.
After over nine years with Aristocrat, and other finance-related roles, James joined Light & Wonder (then known as Scientific Games) in the CFO role in January of 2020, adding the roles of Treasurer and Corporate Secretary in October of 2021.
Speaking of the departure, the companyโs CEO, Matt Wilson, noted that โConnie has played a key role in advancing Light & Wonderโs cultural and financial transformation, which has led to operational excellence, double-digit growth and a strengthened balance sheetโ.
James will be replaced in the interim by Oliver Chow, who joined Light & Wonder as SVP of Corporate Finance in October of last year.
Chow previously spent some five years at Aristocrat, among various other roles including Universal Pictures and JP Morgan Chase.
In the groupโs announcement of the retirement of the CFO, it also โreaffirmed its target of $1.4 billion consolidated AEBITDA by 2025,โ noting that it โcontinues to show strong financial performance on all key metrics in 2023โ. The company wills share its 2Q23 results in August.
