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.