by Tyler Durden
Monday, Apr 19, 2021 - 06:33 AM
GameStop CEO George Sherman has become the latest, and most senior, in a string of GameStop executives who have left the company recently, stumbling out one by one, all presumable victims of GameStop Chairman/savior Ryan Cohen s housecleaning.
Sherman announced Monday that he will be stepping down, effective July 31. His exit is hardly a surprise;
Reuters first reported on rumors that the company had already started the search for Sherman s successor earlier this month. Other executives who have left the firm since Cohen s ascension to the chairman s seat in January include: include chief financial officer Jim Bell and chief customer officer Frank Hamlin.
EXCLUSIVE GameStop initiates search for new CEO -sources reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
April 13, 2021
published at 6:53 AMReuters A GameStop store is seen in the Jackson Heights neighborhood of New York City, New York, US, on Jan 27, 2021.
Reuters
GameStop Corp is looking for a new chief executive to replace George Sherman as it pivots from a brick-and-mortar video game retailer to an e-commerce firm, three people familiar with the matter said on Monday (April 12).
It would be the biggest shakeup at GameStop since Ryan Cohen, the co-founder and former chief executive of online pet food company Chewy Inc, joined its board in January and began laying the groundwork for a shift in culture and strategy, people familiar with his work at GameStop said.
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(Reuters) - GameStop Corp is looking for a new chief executive to replace George Sherman as it pivots from a brick-and-mortar video game retailer to an e-commerce firm, three people familiar with the matter said on Monday.
It would be the biggest shakeup at GameStop since Ryan Cohen, the co-founder and former chief executive of online pet food company Chewy Inc, joined its board in January and began laying the groundwork for a shift in culture and strategy, people familiar with his work at GameStop said.
Its stock is up almost 4,000% from a year ago, after it became the poster child of day traders betting on so-called meme stocks.