Light & Wonder Promotes Nathan Drane to Chief Product Officer

LAS VEGAS--(BUSINESS WIRE)-- Light & Wonder, Inc. (NASDAQ and ASX: LNW) (together with its subsidiaries “Light & Wonder,” “L&W” or the “Company”) today announced the promotion of Nathan Drane to Chief Product Officer (CPO).

Nathan has been serving as Chief Product Officer of the Gaming business for the last year and has been with the Company since early 2021, after more than 12 years in various product-centric roles in the industry. In his expanded role as enterprise-wide CPO, Light & Wonder will bring all game creation across the Company under one department led by Drane.

“I’ve personally worked with Nathan for many years, and I couldn’t be happier for him to share his leadership and vision with the entire enterprise,” said Matt Wilson, President and CEO of Light & Wonder. “He has already been working with many across the business on our cross-platform strategy and has a clear and aggressive content roadmap that will ensure our continued success, positioning us for growth in the near and long term.”

“I couldn’t be more thrilled to take on this role with the Company,” said Nathan Drane, Chief Product Officer of Light & Wonder. “This new centralized content organization formalizes our global strategy of building the world’s best games in every market on every intended platform. It provides us an opportunity to make data-driven development and roadmap decisions, gives us new opportunities to grow talent, and drives efficiencies throughout the game-creation process.”

Rich Schneider, Light & Wonder’s former Chief Product Officer, will continue to contribute to the Company's product innovation and strategy as Senior Advisor.

About Light & Wonder, Inc.

Light & Wonder, Inc. is the leading cross-platform global games company. Through our three unique, yet highly complementary businesses, we deliver unforgettable experiences by combining the exceptional talents of our 6,000+ member team, with a deep understanding of our customers and players. We create immersive content that forges lasting connections with players, wherever they choose to engage. At Light & Wonder, it’s all about the games. The Company is committed to the highest standards of integrity, from promoting player responsibility to implementing sustainable practices. To learn more visit www.lnw.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250211694663/en/

Media Relations

Andy Fouché +1 206-697-3678

Vice President, Corporate Communications

media@lnw.com

Investor Relations

Nick Zangari +1 702-301-4378

Senior Vice President, Investor Relations and Treasury

ir@lnw.com

Source: Light & Wonder, Inc.

FAQ

What changes did Light & Wonder (LNW) announce in its product leadership?

Light & Wonder announced the promotion of Nathan Drane from Gaming business CPO to enterprise-wide Chief Product Officer, consolidating all game creation under his leadership.

How will Nathan Drane's appointment as CPO affect LNW's game development strategy?

The appointment will lead to a centralized content organization focusing on data-driven development decisions, cross-platform strategy, and improved game-creation efficiency across all markets.

What is Light & Wonder's (LNW) new organizational structure for game development?

LNW has consolidated all game creation under a single department led by Nathan Drane as CPO, implementing a centralized content organization for all markets and platforms.

What role will former Light & Wonder CPO Rich Schneider have after the reorganization?

Rich Schneider will continue contributing to Light & Wonder as Senior Advisor, focusing on product innovation and strategy.