Another One Bites The Dust - GameStop CEO is Stepping Down

GameStop CEO George Sherman is stepping down on July 31. The Board of Directors is currently evaluating the executive leadership team at the company and leading the search in finding CEO candidates that can accelerate the next phase of the company’s growth.

“I am very proud of what we have accomplished at GameStop over the past two years, including during the difficult COVID-19 pandemic,” Sherman said. “We have helped bring stability and strength to the business, including by de-densifying our store footprint, reducing costs and debt, and driving e-commerce growth.”

The video game retailer has experienced a flurry of executive changes over the past few months as it adapts to e-commerce. Earlier this month, it named Chewy co-founder, Ryan Cohen as its new Chairman. Other key hires include Amazon executive Elliot Wilke as Chief Growth Officer, and Jenna Owens as Chief Operating Officer.

“GameStop appreciates the valuable leadership that George has provided throughout his tenure. He took many decisive steps to stabilize the business during challenging times,” Cohen said. “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.”

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