Finance: GW’s Chairman Steps Down
Tom Kirby, is stepping down as Games Workshop’s non-executive chairman. Here’s the details.
“Games Workshop Group PLC (“Games Workshop” or the “Company”) today announces that Tom Kirby has advised the board of his intention to retire as a director of the Company with effect from the conclusion of the Company’s Annual General Meeting on 13 September 2017. He will not seek re-election as a director of Games Workshop thereafter. In the interests of continuing the smooth transfer of power and responsibility to the new executive board team, following the AGM, Tom will be appointed a consultant to the Company for a period of 12 months.
Nick Donaldson will become non-executive chairman of Games Workshop on Tom Kirby’s retirement. Nick has been a non-executive director of Games Workshop since April 2002.
As non-executive chairman one of Nick’s key responsibilities will be to lead a review of the composition of the Company’s board and to set in motion a process to appoint new non-executive directors of the Company.”
Note that this announcement came ONE DAY after the phenomenal 2016-2017 annual report from GW. Kirby has been at the helm of GW for decades and this move heralds a true turning of the page for the company.
~I’ll let you all talk out what you think is going on.