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Team17 has introduced that after greater than 30 years main the studio, CEO Debbie Bestwick will step down. Bestwick will transition into a special function throughout the firm as soon as her successor has been discovered, offering “ongoing mentorship, help, and steering” to the Team17 board.
This information was introduced through Team17’s official investor web site. Within the announcement, Team17 confirms that Bestwick will stay in her function as CEO whereas the seek for a successor is ongoing, however will “transition right into a non-executive function” following this course of. It isn’t solely clear what sort of function Bestwick intends to inhabit but.
Debbie Bestwick is among the co-founders of Team17, a studio that resulted from a merger between British outfit 17-Bit Software program and Swedish studio Group 7. Bestwick would then co-lead Team17 for twenty years, ultimately shopping for out her fellow founders’ stakes in 2010 and changing into the only real CEO of the studio.
Throughout her tenure, Bestwick oversaw the expansion of a few of Team17’s largest franchises, together with Worms, Overcooked!, and The Escapists. Nonetheless, her time as CEO was additionally not with out controversy. Beneath Bestwick, the corporate introduced, then rapidly shuttered, its controversial NFT undertaking MetaWorms, for instance, and Bestwick was additionally allegedly one of many key causes of many staff’ discomfort and ill-treatment at Team17. This example led to Team17 Digital CEO Michael Pattison pledging an “intensive report” into firm practices and values in February final 12 months.
In addition to Bestwick’s departure, Team17 additionally revealed its unaudited monetary statistics for the 12 months ending December thirty first. They embody a leap in income by 52%, though revenue earlier than tax fell 1%. A lot of the income leap, in accordance with Team17’s monetary doc, is all the way down to acquisitions made by the corporate within the final 12 months, together with shooter Hell Let Free, Bus Simulator 21 developer Astragon, and indie writer The Label.
We’ll have to attend and see what this leap in income means for Team17, but it surely’s honest to say the studio has a full slate of upcoming initiatives, together with the wonderful horror fishing title Dredge, in addition to sequels for Shifting Out and Blasphemous. Keep tuned to TechRaptor for more information on all issues Team17.
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