Light & Wonder appoints Michael Marchetti to board of directors

January 8, 2024 11:15 AM
Photo: CDC Gaming Reports
  • Rege Behe, CDC Gaming Reports
January 8, 2024 11:15 AM
  • Rege Behe, CDC Gaming Reports

Light & Wonder Monday announced that Michael Marchetti has been appointed as a member of its board of directors. Marchetti previously served as a director of SciPlay Corporation, of which Light & Wonder acquired the remaining public shares of in October.

Story continues below

“We are pleased to welcome Michael to the Light & Wonder Board as a new independent director,” said Light & Wonder Executive Chair Jamie Odell in a statement. “Michael has a wealth of mobile gaming experience and a strong financial background that will help us continue to maximize value for our shareholders.”

Marchetti’s work experience includes leadership positions in finance and the gaming industry. His resume includes serving as CEO of Buffalo Studios, chief financial officer of Jamdat Mobile, and as an investment banker with Merrill Lynch. He currently works as chief financial officer for Age of Learning.

“I’m excited to join the Light & Wonder Board at this time,” said 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.”

Marchetti’s appointment is effective January 15, 2024. He will stand for re-election at this year’s annual meeting.