Mark Wells has been the CEO of Games Workshop for 5 years, and he has decided to step down. I will leave the rest of it to the news bit below. A huge thanks to the secret squirrel for drawing our attention to this latest bit of news.


via secret squirrel
GAMES WORKSHOP GROUP PLC

Games Workshop Group announces a change in Senior Management

For the past five years Games Workshop has had the best CEO it has ever had.  Under Mark Wells’ leadership we have become better organised, clearer thinking and commercially more robust.

The needs of the business over the last few years has meant there has been a gradual overlapping of the roles of Chairman and CEO.  Recently this has become so complete that, after discussions together, Mark and Tom have agreed that the CEO’s role, as it stands, is redundant.

Tom will incorporate the role of Acting CEO into his position as Chairman and, whilst it will undoubtedly come as something of a surprise, Mark has decided to leave the business.

Mark is looking forward to planning his next challenge and he does so with our support, best wishes and heartfelt thanks.

These changes take immediate effect.

69 Comments:

  1. So which one of these guys hired Matt Ward? I want to know whether I am happy or sad about this. ;)

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    1. Lol. Couldn't help but chuckle...but seriously...this is a valid question.

      Reading this I do wonder if Mark actually had a choice or did the business 'encourage' him that he had better prospects else where as his position was null and void. I don't know many people that leave a job without at least something lined up, even at that level.

      Viper

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    2. Since this is a rumor site I'll throw this out there. Just off the top of my head I wonder if Mark is falling on his sword over GWs legal issues. More specifically the fact they don't seem to have enough of their ducks in a row to win them.

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    3. You Idiot
      Can you Not read? He is the CEO ... So Not responcable for hireing People at all nore for someone that has been in the Company years Before him!

      This is Bad News for us!
      Now that Chairman are Running the Company all by them selves the only & Main Focus will be on Profit. They prob. "let him go" becaus Profits were to small!

      In Plain english = Pricehikes & Cuts Comeing up

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    4. In plain English?..I don't know whether to laugh or cry for the end of Western Civilization after reading the last post...

      At least your name was spelled correctly.

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    5. Wow, angry Anon. Apparently, you don't know a joke when you see one.

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    6. Tom Kirby's focus was never strictly about profit. His focus was on how to take a niche market and make it successful. I imagine GW business practices will remain the same.

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    7. Belgarath97 i understand the direction of your comment. In real terms however, what could the difference be between "success in a market" and "profit"?

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    8. Anon,
      Success in a market doesn't necessarily mean profit. Sustained long term revenue derived from market share is also a noteworthy goal. Expanding the base of loyal customers goes hand in hand with profit but cementing the company's future existence is more important that just making out like a bandit next quarter.

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    9. Probably neither. I doubt they deal with the little people.

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    10. That may be but year on year they've hiked prices and yes, year on year sales have fallen.

      That's hardly a strategy for growth now, is it?

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    11. Exactly what I was thinking Nick. They have had nothing but price hikes for the last five years and their total product movement is going down each year. The hikes are the only thing keeping their net profits stable. And with each price hike to make up for lost sales, they lose more sales... unfortunately stable net profits is BAD, business' should see their profits increase, not stagnate.

      I can't honestly say this CEO has done anything worthwhile for the company. Though I lost hope in the company a while ago when they cut advertising. Apparently their schools of business practice teach something the rest of the world doesn't know. Because last I checked, cutting advertising is the worse thing you can do.

      In before "GW is a dying company."

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    12. Fucking Quinn!!!!!! That was hilarious! Thank you so much.

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    13. Am I the only one who found amusement in the line "the only & Main Focus" :D

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    14. @ nick

      "... but year on year they've hiked prices and yes, year on year sales have fallen. "

      And thats what GW calls "long term biss"
      Make the same profit by selling less product!

      Save plastic, resin and staff and still make the same amount by chargeing more!

      Delete
  2. If this is the same guy who put Games Workshop stores in the hood, then I'm ok with this

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  3. I'm not sure how I feel. I think I may have Stockholm syndrome.

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    Replies
    1. That's funny :)

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    2. Stockholm, as in Stockholm, Finland...

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  4. Hopefully whoever runs GW is more "open" with the customers and doesnt run GW into the ground.

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    Replies
    1. Read FTW
      It Said above who is Running GW now!

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    2. He's only "acting" CEO because they officially canned the CEO position.
      I'm not sure where you're from duder, but here in the UK it's illegal to make a position redundant and then hire another person to fill that same role.

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    3. Stopped reading at "duder."

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    4. Because the r isn't next to the e and he couldn't have made a typo. I'll give you 0/10, 1:38 anon

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    5. http://investor.games-workshop.com/2013/01/18/board-changes/#more

      The board will be seeking to appoint a new CEO in due course. In the meantime, our Chairman, Tom Kirby, will be Acting CEO and Chairman.

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  5. Fun Fact.
    That dude was making 307k GBp.
    That's over 490k USD

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    1. So that's why I had to spend £10 more per box of terminators this year.

      No wonder GWs prices have gone up....

      Viper

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    2. This isn't even a big number here in the U.S. for a successful business. School superintendents can eventually make $600k+ with enough experience and time invested.

      The fact that the job is being rolled into another tells me that this isn't a firing in the traditional sense, but that the company thought they could shave $400k out of their budgets by killing the position. I doubt that's because GW is hurting for money, though, so just them trying to be more efficient? Hmm.

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    3. Couldn't have anything to do with their overall product movement each year is shrinking and them hiking prices to stop the bleeding at all.

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    4. "School superintendents can eventually make $600k+ with enough experience and time invested."

      In NY and CA, not in most of the country. Just wanted that context, most school superintendents aren't making anywhere near that much.

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  6. In other words GW is about to tank, Mark Wells got out just before after lining his pockets with australian money.

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    Replies
    1. Except that last year was their best on record...not likely.

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    2. Best record in a stretch of stagnant net profit years?

      Not something to pop a cork of champaign over...

      Price hikes and the new edition release are the only reasons they saw those numbers. But now back to stagnation they go...

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    3. Well with their new, faster release schedule, they may be trying to pull out of the stagnation anyhow...

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    4. Could any of you Anons link the site or tell where do you find their profit records? I'm just curious, and wanted to see them myself

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  7. Tom Kirby has been running the show for the last 20odd years as either CEO or chairman and now doesn't have to share power as he has finally got both positions. Don't expect any massive changes in how gw operate based on this news.

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    1. I agree with this sentiment entirely. All they did was remove a redundancy in their corporate command structure and cut a large chunk out of their payroll.

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    2. The question is: is this cost-cotting for the sake of it, or part of a wider company-wide strategy.

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    3. So with all that money they now save by cutting the CEO position, we now get plastic sisters and a full revamp of squats?

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    4. Probably to further prolong the needle going into the red and to line their pockets with more money before going under.

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  8. has this been confirmed? its not on http://investor.games-workshop.com/ yet

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  9. Say hi to the new boss, same as the old boss.

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  10. so now he goes away to screw over a different company. what a douchebag.

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  11. Nothing will change, it will be business as usual for GWS.....

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  12. I, for one, welcome our new plastic crack overlords.

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    Replies
    1. All hail the plastic crack overlords!

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  13. So GW is run by humans?

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  14. Gods do they actually expect people to believe the bullshit they spew?

    So it kinda happened like this? Tom Kirby and Mark Wells are sitting around drinking Earl Grey tea out of the skulls of babies.

    Tom: Hey Mark, it just occured to me that I'm spending a lot of time doing the same stuff that you're doing for your job in the company.

    Mark: You're right Tom! I've found myself doing a lot of the stuff that YOU'RE doing for your job too!

    Tom: Hey Mark if we're both doing the same thing, do we really still need both of us here?

    Mark: That's a great point Tom! I think you should stick around here and carry on being blown by hookers all day and snorting massive lines of crack. I'll take off and go find something else to do with myself. How does that sound?

    Tom: That sounds great Mark! Let's go tell everyone the news!

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    Replies
    1. To the Staff:
      "Hey, everybody listen up: we just had a great meeting!"

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    2. Bless, you made reading the comments section worthwhile. Hah!

      RedscorpsJack

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    3. couldn't have put it better myself.

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    4. Sombody not called bobJanuary 18, 2013 at 7:58 AM

      Might I add:

      "So long and thanks for all the fish."

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  15. I really hope most of you commenters don't run businesses...

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  16. Most CEOs only have a life span of around 4 years. Often if they don't move on its seen as a sign of failure.

    I would hope they announce a replacement for his role. It's a serious corporate governance issue to have a Chairman in the same role as CEO i.e. he will have little accountability, will have too much control over his own salary etc.

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    1. I don't think they can hire another CEO for a certain amount of time; the position is redundant and no longer exists in the corporate structure. The investor GW page has been updated now; Kirby is "chairman and acting CEO" and Wells is nowhere to be seen.

      But yeah, it's a very worrying move to have that guy not be accountable to a CEO, especially this close to retirement. The guy is 62 and, if the board of directors or COO/CFO have no backbone, he has three years to have control over his own salary and then *should* be retiring at the usual male UK retirement age of 65.

      It actually seems to make perfect sense as a direct follow-up from this 2-year old article here:

      http://theback40k.blogspot.co.uk/2011/04/help-kirby-is-eating-our-hobby.html

      Look at him, look at Kirby! He even looks like a greedy bastard. But that might just be the intent behind using that picture, heh.

      But yeah. So far for 2013:

      :DD "Keep up the good work" for the creatives and development
      >:| "Er...WTF" for the senior management

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  17. Maybe the replacement will be less of a jew with the price hikes

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    1. Yay antisemitism. Moderator please!

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    2. second that: Moderator please!

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    3. Thirded thanks

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    4. Dude, not cool. But hilarious nonetheless :D

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  18. Kirby has to go before anything will change

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  19. Some fairly daring management decisions were made over the last couple of years e.g. iPad only content, aggressive price hikes, White Dwarf changes, expansion of modelling team to include people like Aragorn Marks. A lot of good, some bad, got to get paid for somehow but some of the prices are ridiculous. I think last year was a pretty disappointing year for me as a customer and i think they really missed a trick with so few releases in a 40K anniversary year. I'd have been tempted to let Mark Wells ride it out for another couple of years though but this year would have been the decider. I had a letter from him that indicated this year could be phenomenal in the sheer volume of releases - will be interesting to see.

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  20. The truth is that Mark Wells was lured into a false sense of security by being given the CEO position... Then they were able to reveal that he was one of the Fallen, and now he has "resigned" as he is dragged kicking and screaming to the awaiting Interrogator-Chaplain's cell-o-eternal-fun-times.

    That's as plausible as most of the other speculation I've read here, and more fun for me, so I'm sticking with this version. ;)

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  21. As much as I loathe the guy, Kirby is quite shrewd. Something like this seems right up his alley. With no supervision from another CEO, Kirby has a rather significant degree of control over the company. Expect prices to raise even more, short-term gains to become even more significant to GW and dividend payout to be even higher.
    To put it bluntly, this is quite terrible for a number of reasons, least of which is the fact that a change of company policy is going to be all but impossible. That is, at least until Kirby retires, at which point GW will be at the brink of collapse and milked for all it's worth, anyway.

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  22. Isnt this what happened on "horrible bosses"? a guy hopes to take up a position, then the Boss decides to take on both positions? :P

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  23. And then the unimaginable happens... Matt Ward is appointed CEO...
    That would be aweful.

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