In an interview with “Parkiet,” Adam Kiciński, outgoing CEO and one of the main shareholders of CD Projekt, confirmed his intentions for the company’s development. Despite his upcoming departure from the CEO position, both he and the other main shareholders express faith in the company’s future.
According to reports from September, Adam Badowski and Michał Nowakowski will take leadership of CD Projekt from 2024 onwards. Badowski, who has been with the studio since 2002, will be responsible for leading the creative teams, while Nowakowski, who has worked at CD Projekt since 2005, will handle the company’s strategic issues. Adam Kiciński will replace Nowakowski on the supervisory board.
Foreign and domestic financial institutions have different views on CD Projekt’s future. Some have lowered their stock recommendations for the company, while others have maintained them at a high level. Jefferies analysts currently recommend shortening positions on CD Projekt’s shares, while Santander BM maintains its “overweight” recommendation. Despite differences in opinion, Adam Kiciński confirmed that he still believes in the company’s success and has no business plans outside of CD Projekt.
FAQ
What are CD Projekt’s plans for the future?
CD Projekt intends to continue its development and remain an independent entity in the market.
Who will take leadership in the company after Adam Kiciński’s departure?
After Adam Kiciński’s departure, Adam Badowski and Michał Nowakowski will lead CD Projekt.
What do analysts think about CD Projekt’s future?
Analysts’ opinions are divided. Some have lowered their recommendations, while others have maintained high ratings.
Do the main shareholders plan to sell their shares?
Although there have been speculations on this matter, both Adam Kiciński and other main shareholders have expressed faith in the company and do not plan to sell their holdings.
Source
CD Projekt IR. “We are not interested in being incorporated into some larger entity…”, https://twitter.com/CDPROJEKTRED_IR/status/1463949277370434053, (accessed: January 15, 2024).
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The source of the article is from the blog elblog.pl