GameStop CEO George Sherman will step down in July

GameStop has confirmed that its current CEO George Sherman will be stepping down from his duties at the end of July.

GameStop announced the news via a blog post on Monday, April 19. Per GameStop’s confirmation, Sherman will step down from his role on July 31, or earlier if a successor can be found before then.

Sherman said of his departure: “I am very proud of what we have accomplished at GameStop over the past two years, including during the difficult COVID-19 pandemic,” and added that over his two-year stint, the company has brought “stability and strength to the business, including by de-densifying our store footprint, reducing costs and debt, and driving e-commerce growth”.

Ryan Cohen, who will be elected Chairman of the Board on June 9, said in a statement: “GameStop appreciates the valuable leadership that George has provided throughout his tenure. He took many decisive steps to stabilise the business during challenging times. The Company is much stronger today than when he joined”.

The news of Sherman’s departure was first teased last week when anonymous sources close to the situation claimed that GameStop was looking to hire a new CEO.

Earlier this month, GameStop announced an intended change in leadership, which includes Ryan Cohen’s appointment as Chairman of the Board, while Sherman is being elected as a new board member.

Sherman’s stepping down as CEO is believed to be part of Cohen’s push to transition the business from a brick-and-mortar establishment to an e-commerce firm.

GameStop’s search for a new CEO is the latest development in its ongoing saga since it became the subject of an international stock market frenzy earlier this year. Since early February, GameStop has announced the resignations of its CFO Jim Bell and CCO Frank Hamlin.

You can view the original article HERE.

Seth Rogen Jokes About Kim Kardashian’s Absence at Women In Entertainment Breakfast
Kathy Griffin goes off on Elon Musk’s Twitter
Lizzo’s Acceptance Speech at the 2022 PCAs
Prince Harry and Meghan Markle Accept ‘Anti-Racism’ Award
Sylvester Stallone Reigns Supreme as Oklahoma’s New Godfather
James Cameron Addresses Marvel and DCU Movies and Which He Would Direct
2023 Sundance Film Festival Announces Competition Films, Premiere Titles, Midnight Selections, and More | Festivals & Awards
Sam Mendes’ Superbly Acted but Flawed Homage to Cinema
LeAnn Rimes postpones concerts after suffering vocal cord bleed – Music News
What time is ‘Alchemy Of Souls’ part two released on Netflix?
The Simpsons to meet the Bocellis – Music News
Roddy Ricch hit with copyright infringement lawsuit over his hit ‘The Box’
Built using environmentally friendly methods
Video of Division III 7-Foot, 360-Pound Center is Trending
Dallas Cowboys Being Accused of Leaking Negative Odell Beckham Jr. Injury Information
Bella Cravens Stars in TCU and George Washington University Girls Basketball Brawl
Wednesday Shatters Its Own Record For Weekly Watched Hours
The Rookie Round Table: Chenford Has Arrived!
The Boys Touts Antony Starr’s Nomination for Best Actor at Critics Choice Awards
People’s Choice Awards 2022 Winners: Stranger Things Wins Big
The Best Flare Jeans For Women
CORE Raises $1 Million at Soho Beach House
Olivia Wilde’s Sheer Dior Dress at People’s Choice Awards
Anna Wintour Hosts Screening Of Living, Chopard Opens At The Crown Building, Plus! What Are Gen Z Really Obsessed With?