GameStop Announces Chief Executive Officer Succession Plan
Retrieved on:
Monday, April 19, 2021
b'GRAPEVINE, Texas, April 19, 2021 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE: GME) (\xe2\x80\x9cGameStop\xe2\x80\x9d or the \xe2\x80\x9cCompany\xe2\x80\x9d) today announced that George Sherman will be stepping down as Chief Executive Officer on July 31, 2021, or earlier upon the appointment of a successor.
Key Points:
- b'GRAPEVINE, Texas, April 19, 2021 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE: GME) (\xe2\x80\x9cGameStop\xe2\x80\x9d or the \xe2\x80\x9cCompany\xe2\x80\x9d) today announced that George Sherman will be stepping down as Chief Executive Officer on July 31, 2021, or earlier upon the appointment of a successor.
- The Company\xe2\x80\x99s Form 10-K also noted that the Board has retained a third-party firm to support its efforts.
- The Board\xe2\x80\x99s Strategic Planning and Capital Allocation Committee is leading a search to identify Chief Executive Officer candidates with the capabilities and experience to help accelerate the next phase of the Company\xe2\x80\x99s transformation.\nRyan Cohen, incoming Chairman of the Board, commented, \xe2\x80\x9cGameStop appreciates the valuable leadership that George has provided throughout his tenure.
- On a personal note, I also want to thank George for forming important partnerships with the new directors and executives who have joined GameStop in recent months.\xe2\x80\x9d\nGeorge Sherman, Chief Executive Officer, added, \xe2\x80\x9cI am very proud of what we have accomplished at GameStop over the past two years, including during the difficult COVID-19 pandemic.