GameStop Taps Amazon Web Services Exec Matt Francis as CTO
GameStop appointed Amazon Web Services engineering lead, Matt Francis, as its chief technology officer.
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Videogame retailer GameStop (
AMZN) - Get Report engineering lead, Matt Francis, as its chief technology officer, the company said in a statement.
Shares of the Grapevine, Texas, company at last check rose 19% to $106. GameStop shares have been the focal point of the recent short-squeeze-driven trading frenzy.
Francis joins GameStop on Feb. 15 and will be responsible for overseeing e-commerce and technology functions.
Before Amazon, Francis, who has more than two decades of experience in consumer tech, held senior-level technology roles at companies such as free-to-air TV network QVC (
GameStop swings after new hires with Chewy founder on board
Bailey Lipschultz, Bloomberg News VIDEO SIGN OUT
The rally in GameStop Corp. shares showed further signs of losing momentum on Wednesday as the stock limped into the close even after news of a trio of executive hires, including the appointment of a chief technology officer.
The stock closed just 2.7 per cent higher Wednesday at US$92.41, after earlier rising as much as 26 per cent. A sell off at the start of the week has wiped out US$16 billion in market value from the company.
While the video-game retailer struggled in Wednesdayâs session, other parts of the market showed that Reddit-fueled retail traders were still driving double-digit gains for smaller companies, such as Tyme Technologies and Sellas Life Sciences.