GameStop has a new CEO and CFO
GameStop is an American video game, consumer electronics and entertainment products, retailer.GameStop also offer fans a wide variety of POP! vinyl figures, collectables, board games and more.
The company headquarter is in Grapevine, Texas(a suburb of Dallas).
The company on June 9th 2021 announced that Matt Furlong will replace George Sherman as CEO while Mark Recupero is now the CFO as part of its earnings release. Both Men are joining GameStop from Amazon.
They are bringing a wealth of experience from Amazon an online retail giant. This is a plus to GameStop, as the company continues its journey from a traditional street-side business video game retailer into a web-based business.
Cohen was confirmed as Chairman of the GameStop board during the shareholder meeting.
For the first time a Chief technology officer was added, a new Chief operating officer, a new Senior vice president of e-commerce and many other executive roles. Most of whom came from Amazon and Cohen’s Chewy.
GameStop posted earnings results for the three months ended may 1 which saw quarterly revenue increase by 25% year-over-year to nearly $1.28billion, surpassing the $1.16billion wall street analysts had projected.