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post #1 of 42 (permalink) Old 11-29-13, 12:45 PM Thread Starter
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Default Elaine O'Donnell appointed non-exec director at Games Workshop

Quote:
Google news alerts has just dropped this in to my inbox:

" http://www.cfoworld.co.uk/news/finan...ames-workshop/
Elaine O'Donnell appointed non-exec director at Games Workshop
Firm strengthens board with former EY partner
By CFOWorld.co.uk staff | CFO UK | Published 12:18, 28 November 13


Games Workshop has appointed Elaine O'Donnell as a non-executive director with immediate effect.

The world's largest tabletop battlefield gaming specialist said the move was in line with its policy to strengthen its board.

O'Donnell qualified as a chartered accountant with PwC. Until recently, she was a corporate finance partner with EY.

Games Workshop brands include Warhammer and Warhammer 40,000. In addition, it holds a licence for The Lord of the Rings tabletop battle game. The company has been listed on the London Stock Exchange since October 1994.
"


" http://www.stockmarketwire.com/artic...its-board.html
StockMarketWire.com - Games Workshop has appointed Elaine O'Donnell as a non-executive director with immediate effect. A chartered accountant by profession, until recently she was a corporate finance partner with EY."



I believe that this is same Elaine O'Donnell, a news story published 11 Oct 2012 about her leaving Ernst & Young
http://www.manchestereveningnews.co....m-ernst-800136

Seems her background is in mergers and sales of businesses, although this is based on one news article.

Edit, according to her Linked in page, she is most endorsed for "Private Equity" and "Restructuring"
Major restructuring? Or are the rumors true and they want to sell the company to a larger company? I'm not sure, but it seems obvious something's going to change because of this.


Last edited by Geist; 11-29-13 at 12:49 PM.
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post #2 of 42 (permalink) Old 11-29-13, 01:56 PM
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This post alone could be the best news ever. Or the worst. But hope for the best, because they are currently doing it very wrong
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post #3 of 42 (permalink) Old 11-29-13, 02:09 PM
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Im not sure, but i think Non-execs are there to give impartial advice and strategy about a company without the benefit or burden of company knowledge/resources and to keep the executive directors on track with targets, they are supposed to be fresh eyes and ears with impartial and independence from the share holders, because they are an "outsider" they are more likely to know about outside influences that could effect the company.
They kinda act like an auditor, they ask questions and give constructive criticism and hopefully stop the management becoming complacent and keep a company moving forward.
Is it a precursor for a sale to another company? seriously doubt it, GW is a publicly traded company, if anyone wanted to buy it out they could fairly easily if they had the cash.



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post #4 of 42 (permalink) Old 11-29-13, 02:09 PM
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Originally Posted by d3m01iti0n View Post
This post alone could be the best news ever. Or the worst. But hope for the best, because they are currently doing it very wrong
doing what very wrong?



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post #5 of 42 (permalink) Old 11-29-13, 02:29 PM
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Originally Posted by bitsandkits View Post
doing what very wrong?

Youve got 9,000 posts on a Warhammer site; I highly doubt you need it explained.
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post #6 of 42 (permalink) Old 11-29-13, 02:59 PM
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Originally Posted by d3m01iti0n View Post
Youve got 9,000 posts on a Warhammer site; I highly doubt you need it explained.
well as someone whos been kicking around this site and the hobby for a hell of a long time i think your wrong, they are doing it very right ,what ever it is that they are doing.

They are the undisputed number one wargame company on the planet with extremely strong financial results despite world economics being in the toilet,there products and business are emulated,copied and influence almost every other smaller company in the market to some degree, many of who exist purely on the back of GW and its amazing universes(including me), they design,manufacture almost everything in house and are still the only company in the industry with a high street presence all over the world and have been kicking around for over 30 years.



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post #7 of 42 (permalink) Old 11-29-13, 03:05 PM
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It could be that she is there to advise on a restructuring maybe folding forgeworld into GW. She could be there to advise on that. She does work in mergers and acquisitions but it could be that GW is going to buy up some of the small companies as well to reduce competition or add a new revenue stream for GW. GW could for example buy Privater press to shut them down and eliminate a competitor or keep them around so that GW has more money coming in. I think this might be more why they brought her in was to help with whatever strategy GW has in mind and to make it happen.


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post #8 of 42 (permalink) Old 11-29-13, 03:07 PM
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I wonder what army she collects?

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post #9 of 42 (permalink) Old 11-29-13, 03:08 PM
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Quote:
Originally Posted by bitsandkits View Post
doing what very wrong?
Not giving me terminator command squads, a relic blade for my chapter master if in termie armor, split fire for the Heavy weapon and special weapon guy, not being able to take multiple transports eg 2 razorbacks for my 10 man squad, ME, ME ,ME cater or MEEEE E E E E E E!!!!!!!!!!!!!!!! Suppose I could talk about what they do quite right, but that wouldn't be popular

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post #10 of 42 (permalink) Old 11-29-13, 03:09 PM
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Quote:
Originally Posted by morfangdakka View Post
It could be that she is there to advise on a restructuring maybe folding forgeworld into GW. She could be there to advise on that. She does work in mergers and acquisitions but it could be that GW is going to buy up some of the small companies as well to reduce competition or add a new revenue stream for GW. GW could for example buy Privater press to shut them down and eliminate a competitor or keep them around so that GW has more money coming in. I think this might be more why they brought her in was to help with whatever strategy GW has in mind and to make it happen.
This sounds about right to me, GW is very much a growing company that probably wants to keep from stagnating. Look at all the new stuff they are trying with supplements and expansions. They're looking to broaden out so whether or not it's combining themselves with FW to make use and better sell those models and rules, or branching out to other companies, it appears they're looking to improve and prosper continuously.
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