Michael Marchetti appointed to the Board of Directors at Light & Wonder

Light & Wonder has appointed Michael Marchetti to its Board of Directors.

Before the appointment， Marchetti was the Director of SciPlay Corporation， which was acquired by Light & Wonder in October 2023.

Marchetti was also previously the CEO of Buffalo Studios， Co-Founder and Board Member of Little Labs， the SVP and GM of Pogo， Social Games & Mobile at Electronic Arts (EA).

He currently works as a CFO and Executive Committee Member at Age of Learning， with his appointment at Light & Wonder effective from 15 January 2024.

This position will undergo a standard re-election at the annual meeting held by Light & Wonder later in the year.

Jamie Odell， Light & Wonder Executive Chair， 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 maximise value for our shareholders.”

Marchetti graduated from Brooklyn College with a BA in Political Science and Philosophy，Play Casino Online and later on from Brooklyn Law School.

On his appointment， Marchetti said: “I’m excited to join the Light & Wonder Board at this time.

“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.”

In its Q3 report， Light & Wonder revealed a significant improvement in net income， growing annually by 300% to $80m and an even bigger increase from Q2 2023， rising by 1，500%.