GameStop taps Amazon exec as CEO, says may sell shares - Netscape Money & Business

GameStop taps Amazon exec as CEO, says may sell shares
By Svea Herbst-Bayliss, Noel Randewich and Eva Mathews
Reuters
(Reuters) -GameStop on Wednesday named a former head of Amazon's Australian business as its chief executive and said it could sell new shares, the latest in a bid to transform the struggling videogame retailer whose stock has surged this year.
In a quarterly report that was stronger than analysts forecast, GameStop said it may sell up to 5 million new shares, which would be worth $1.4 billion based on its share price in after-hours trading. The stock fell 9%.
Matt Furlong, a nine-year Amazon veteran, will succeed George Sherman as chief executive officer. GameStop said Mike Recupero, who spent over 17 years at Amazon, will succeed Jim Bell as chief financial officer.

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