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GW appoint a new CEO
Dave
 Post subject: GW appoint a new CEO
PostPosted: Mon Dec 03, 2007 6:54 pm 
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Anyone else catch this?

http://investor.games-workshop.com/news/default.aspx

PRESS ANNOUNCEMENT

For immediate release            3 December 2007
APPOINTMENT OF CHIEF EXECUTIVE

The Board of Games Workshop Group PLC (?Games Workshop? or the ?Company?) is pleased to announce the appointment of Mark Wells to the Board as Chief Executive of the Company with immediate effect.

Mark joined Games Workshop in 2000 from Boots plc and has been Head of Sales at the Company since 2006.

Tom Kirby, who has been Chairman and Chief Executive of Games Workshop since 2000, will continue as Chairman of the Company.

Tom Kirby said:  ?Mark has the vision, ability and passion to lead Games Workshop in its next phase of growth.  He not only understands Games Workshop?s business model and its special culture and spirit, but he is a strong advocate of the values that are so important to the Company.

?Mark and I share the same vision for Games Workshop, and we have ambitious plans for growth and value creation.  I trust Mark absolutely to do the right thing for the Company, our shareholders and our staff.?

No additional information should be disclosed under paragraph 9.6.13 of the Listing Rules of the UK Listing Authority.

?Ends?


Thoughts?

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colonel_sponsz
 Post subject: GW appoint a new CEO
PostPosted: Mon Dec 03, 2007 7:01 pm 
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Is he a gamer?

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Evil and Chaos
 Post subject: GW appoint a new CEO
PostPosted: Mon Dec 03, 2007 7:04 pm 
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Allegedly so.




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Warmaster Nice
 Post subject: GW appoint a new CEO
PostPosted: Mon Dec 03, 2007 7:09 pm 
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Not sure what to make of this.
How's the Apocalypse-effect going? Sales have been good but does anyone know the expected sales figures and if these have been met?

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Dwarf Supreme
 Post subject: GW appoint a new CEO
PostPosted: Mon Dec 03, 2007 7:38 pm 
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I noticed this on WarSeer.

Given how things have been going lately, I'm guessing change is good. However, the pessimist in me says it doesn't really matter.

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blackhorizon
 Post subject: GW appoint a new CEO
PostPosted: Mon Dec 03, 2007 7:46 pm 
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If we all think positive and sing a long during Christmas it may be a positive change. :)

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Moscovian
 Post subject: GW appoint a new CEO
PostPosted: Mon Dec 03, 2007 8:02 pm 
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We'll be like the Whos down in Whosville who don't have two Christmas bulbs to knock together but we're happy because we're with each other.  Awwww - everybody join hands!

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firestorm40k
 Post subject: GW appoint a new CEO
PostPosted: Mon Dec 03, 2007 8:43 pm 
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He's the former head of sales?  I read somewhere that the most recent head of sales & marketing thought the whole hobby was stupid, so  i hope fo rthe love of crumb cake that this isn't the same guy! :confuse:
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Evil and Chaos
 Post subject: GW appoint a new CEO
PostPosted: Mon Dec 03, 2007 9:43 pm 
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Recent head of US sales, credited with turning their US operation from loss to profit over the last year.

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The_Real_Chris
 Post subject: GW appoint a new CEO
PostPosted: Tue Dec 04, 2007 3:26 am 
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Note they unfortunately share the same views.

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primarch
 Post subject: GW appoint a new CEO
PostPosted: Tue Dec 04, 2007 3:47 am 
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Hi!

When I see there 3-4 year gross sales and profit recover too 2004 levels, then I'll believe the change is for the better.

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Legion 4
 Post subject: GW appoint a new CEO
PostPosted: Tue Dec 04, 2007 4:19 am 
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I believe, regardless of the G/W CEO, primary support of Epic will come from DRM and E/W ... :glare:

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Nicodemus
 Post subject: GW appoint a new CEO
PostPosted: Tue Dec 04, 2007 7:27 am 
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Kirby has sucked. Kirby says they "share the same vision for Games Workshop" so I bet that that new guy sucks too. I may be wrong, but I am not. :)

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Mojarn Piett
 Post subject: GW appoint a new CEO
PostPosted: Tue Dec 04, 2007 8:24 am 
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Epic will not get new minis regardless of who sits in the CEO chair. :glare:

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CyberShadow
 Post subject: GW appoint a new CEO
PostPosted: Tue Dec 04, 2007 10:25 am 
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Is he a gamer?


:D ?He is always a gamer. GW would never appoint anyone and then tell people that he doesnt play the product. My guess is that he had a two week intensive course, and painted a Marine.

There is a certain scepticism regarding this. Firstly, Kirby is still 'in the office' and is chairman. Secondly, GW's interim financial report is due out very shortly (today?). Finally, GW have seriously pushed to improve this report recently - large splash releases, Apocalpse, cutting 'the fat' of bits orders, etc.

The general opinion is that they are trying to boost confidence in the investers, by inflating the interim report. How long they can keep it up is another matter. I suspect that Kirby will still have a hand on the rudder of GW and that we wont see any noticable change in the near future.

Unfortunately, if these measures work - and I suspect that they will - it will just be more 'evidence' that SG are excess to requirements.

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