Thunderful CEO Steps Down Following Writer’s $2m Loss

Thunderful CEO Brjann Sigurgeirsson has stepped down following the corporate’s $2.1 million loss.

In response to the CEO, who held the place for the reason that group first fashioned in 2019, is stepping down in an effort to tackle a brand new function within the firm’s video games division.

In the meantime, former CFO Anders Maiqvist has taken over till a brand new full-time CEO is discovered.

The unique Thunderful was based in 2017 by Sigurgeirsson, Bergsala Holding, and Klaus Lyngeled earlier than merging with Bergsala in 2019 to type Thunderful Group.

The corporate is understood for the SteamWorld franchise which was developed by subsidiary Picture & Type and consists of SteamWorld Dig, its sequel, and SteamWorld Heist.

However Sigurgeirsson’s choice to take a again seat comes after a turbulent time on the firm which noticed Thunderful make a web lack of $2.1 million for the second quarter of 2022, with working revenue down 62.1%.

Sigurgeirsson attributed the loss to “important forex results,” in addition to different challenges going through the corporate’s distribution companies. Nevertheless, the corporate additionally made a $985,508 impairment following disappointing gross sales for The Gunk – the studio’s current launch which did not achieve steam in the identical approach as SteamWorld.

IGN’s personal evaluate gave it 7/10 saying, “The Gunk is a enjoyable little platforming journey filled with malicious messes which might be loads satisfying to scrub up. The small twists every new space places on its pretty easy mechanics by no means drastically shake up its formulation of vacuuming the panorama after which hopping to the following location, however an attractive story and a fantastic sense of fashion maintain the clean-up course of constantly entertaining all through its comparatively transient marketing campaign.”

Each IGN SteamWorld Evaluate

Regardless of the general loss, Thunderful asserts that it was a powerful quarter for its video games division.

“We at the moment are round 450 colleagues engaged on a lot of promising initiatives, and we have now an thrilling time forward of us,” stated Sigurgeirsson in a press release. “With that, the time has come for me to step down as CEO of Thunderful Group and for brand new forces to guide the group as we enter the following section.”

“I’ll proceed in a brand new function inside our video games phase and look ahead to specializing in recreation improvement once more,” he added.

What’s subsequent for Thunderful? Try the upcoming SteamWorld Headhunter, in addition to every thing introduced finally yr’s Thunderful World.

Ryan Leston is an leisure journalist and movie critic for IGN. You’ll be able to comply with him on Twitter.

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