George Sherman is leaving GameStop after two years as CEO, it announced Monday.
It s part of a major shakeup of the company following activist investor Ryan Cohen joining its board.
Sherman would leave on or before July 31, GameStop said.
George Sherman is stepping down as GameStop CEO this summer, the video-games retailer announced Monday.
GameStop said Sherman would leave the role on July 31, or earlier if it appoints his successor before then.
Activist investor Ryan Cohen joined the company s board in January, leading to a major executive shakeup at the ailing retailer, Insider s Ben Gilbert reported.
Since Cohen got involved, every GameStop executive bar Sherman has left.
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.
GameStop loses CEO in latest management shakeup
04/19/2021 12:28
(Reuters) - GameStop Corp s George Sherman will step down as chief executive officer in the biggest shakeup at the video game retailer, giving top shareholder Ryan Cohen more control as he leads the company s shift to e-commerce.
The company s shares, which were at the heart of a Reddit-driven trading frenzy, jumped 9% in premarket trade on Monday after GameStop said Sherman would resign on or before July 31 and that it had started looking for a successor.
Reuters had earlier reported that GameStop s board was working with an executive headhunter on the CEO search and that its directors had spoken to potential candidates from gaming, e-commerce and technology sectors.
GameStop loses CEO in latest management shakeup channelnewsasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from channelnewsasia.com Daily Mail and Mail on Sunday newspapers.
GameStop Corp’s George Sherman will step down as chief executive officer in the biggest shake-up at the video game retailer, giving top shareholder Ryan Cohen more control as he leads the company’s shift to e-commerce.
The company’s shares, which were at the heart of a Reddit-driven trading frenzy, jumped 9 percent in premarket trade on Monday after GameStop said Sherman would resign on or before July 31 and that it had started looking for a successor.
Reuters had earlier reported that GameStop’s board was working with an executive headhunter on the CEO search and that its directors had spoken to potential candidates from gaming, e-commerce and technology sectors.