GameStop’s new CEO, Matt Furlong, has an even newer title, Director, as the company announced he will join its Board of Directors upon his first day of work.
The announcement of Furlong’s new role coincides with news that George Sherman has retired as a Director. Sherman had served as GameStop’s CEO since 2019 and previously announced he would depart the company by July 31.
In an earnings call from earlier this month, Sherman called Furlong a proven e-commerce leader and said, “His focus, intensity and work ethic will set the right tone atop the company as we begin shifting to a growth phase."
Furlong, who was named CEO earlier this month, began his new role on June 21. He joined the video game retailer, which is in the midst of an adaptation to e-commerce, from Amazon where he oversaw the tech titan’s Australia business.
With Furlong on the company’s Board of Directors, five of the six members remain independent.
His new role will provide him with greater influence over the company’s future as it seeks to switch from its brick-and-mortar store-centric model in favor of an e-commerce approach championed by Chairman Ryan Cohen.
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