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GameStop Corp. (NYSE: GME) has announced CEO George Sherman will be resigning by July 31 or pending the earlier appointment of a successor.
What Happened: The Grapevine, Texas-based company quietly acknowledged it was looking to replace Sherman in its Annual Report on Form 10-K filed with the Securities and Exchange Commission, filed on March 23, but the news did not become public knowledge until an April 12 Reuters report citing anonymous sources.
Sherman became CEO in April 2019 after serving as CEO at Victra, a
Verizon (NYSE: VZ) authorized retailer. He was the fourth person in three years to occupy the chief executive’s office: