Light & Wonder Elevates Nathan Drane to Chief Product Officer

In a significant development for the gaming industry, Light & Wonder, Inc. (NASDAQ and ASX: LNW) announced the promotion of Nathan Drane to the position of Chief Product Officer (CPO) on February 11, 2025. This strategic move aims to centralize the company's game creation efforts under Drane's leadership, setting the stage for enhanced innovation and efficiency across its product offerings.

Nathan Drane is no stranger to Light & Wonder, having served as the Chief Product Officer of the Gaming business for the past year. His tenure with the company began in early 2021, following over 12 years in various product-centric roles within the gaming industry. With a wealth of experience and a proven track record, Drane is well-equipped to spearhead the company's product strategy on a global scale.

“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,” stated Matt Wilson, President and CEO of Light & Wonder. Wilson emphasized that Drane's leadership will be crucial for the company's cross-platform strategy and ambitious content roadmap, ensuring Light & Wonder's continued success and positioning for growth in both the short and long term.

In his expanded role as enterprise-wide CPO, Drane will lead the initiative to unify all game creation under one department. This centralized approach is designed to streamline processes, enhance collaboration, and foster data-driven decision-making in game development.

“I couldn’t be more thrilled to take on this role with the Company,” said Drane in his acceptance of the new position. “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, the former Chief Product Officer, will not be stepping away entirely but will transition to serve as Senior Advisor. In this role, Schneider will continue to contribute to the company’s product innovation and strategy, ensuring a smooth transition and continuity in leadership.

Light & Wonder, Inc. stands as a leading cross-platform global games company, with a diverse team of over 6,000 members dedicated to delivering unforgettable gaming experiences. The company prides itself on its deep understanding of customers and players, creating immersive content that forges lasting connections.

Light & Wonder is committed to maintaining the highest standards of integrity, promoting player responsibility, and implementing sustainable practices. As the company continues to evolve under the new leadership of Nathan Drane, it aims to redefine the gaming landscape with innovative products and strategies.

For more information about Light & Wonder, visit www.lnw.com.

As the gaming industry continues to grow and evolve, the strategic appointment of Nathan Drane as CPO positions Light & Wonder for future success, making it a company to watch in the coming years.