Tags: gamestop | ceo | george sherman | resign

GameStop CEO to Exit by End of July Ahead of Overhaul

gamestop sign on building
(CHRIS DELMAS/AFP via Getty Images)

Monday, 19 April 2021 07:13 AM

GameStop Corp. Chief Executive Officer George Sherman will depart the company before the end of July, ending a tenure marked by a persistent slump and failed performance targets.

GameStop has become a favorite of Reddit-reading day traders this year, sending the stock soaring several-fold. But the video-game store chain has struggled to pull out of a slump.

GameStop missed both sales and profit estimates in its most recently reported quarter, despite getting a bump from new gaming consoles. Activist investor Ryan Cohen, recently named the company’s next chairman, is spearheading a turnaround at the retailer that will prioritize online commerce over physical retail.

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GameStop Corp. Chief Executive Officer George Sherman will depart the company before the end of July, ending a tenure marked by a persistent slump and failed performance targets. GameStop has become a favorite of Reddit-reading...
gamestop, ceo, george sherman, resign
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2021-13-19
Monday, 19 April 2021 07:13 AM
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