New York-listed casino games provider Light & Wonder has expanded its Board with the appointment of Michael Marchetti as an independent director.
Marchetti currently serves as chief financial officer of education technology innovator Age of Learning, and has served on SciPlay’s Board since 2019.
Light & Wonder acquired the remaining public shares of SciPlay in October of last year.
“We are pleased to welcome Michael to the Light & Wonder Board as a new independent director,” said Light & Wonder executive chair Jamie Odell. “Michael has a wealth of mobile gaming experience and a strong financial background that will help us continue to maximize value for our shareholders.”
Commenting on the 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.”
Marchetti’s appointment is effective from 15 January, and he will stand for re-election at this year’s annual meeting.
Shares in Light & Wonder Inc (NASDAQ:LNW) closed at $77.88 per share in New York Monday.