GameStop, the world’s largest video game retailer, June 21 announced the appointment of new CEO Matt Furlong to its board of directors, effective immediately. The appointment date aligns with Furlong’s start date as new chief executive officer. Coinciding with Furlong’s appointment, outgoing CEO George Sherman has retired from the board. Five of the six members of the Board remain independent.
Furlong, a former Amazon executive, was hired as part of new chairman Ryan Cohen’s initiative to expand e-commerce initiatives.
Cohen, who launched online pet supply service Chewy.com, is a favorite among independent day traders and investors. His involvement in GameStop contributed to the company’s shares becoming a social media trading meme. Shares opened June 21 above $220 per share, compared with a 52-week low of $3.77 per share. How much of that valuation is actually based on company financials is anyone’s guess.
GameStop has a new CEO: Michael K. Mauler, a 16-year veteran of the company. He replaces J. Paul Raines, who stepped down due to health issues. Mauler, 56, previously served as EVP and president of International, which consists of nearly…
As Netflix expands globally, so too does its board of directors. The subscription streaming video pioneer added Rodolphe Belmer, CEO of Spanish satellite TV operator Eutelsat, to its board, bringing the total number of directors to 10. “We look forward…
GameStop March 21 announced the appointment of George Sherman as CEO and member of the board of directors, effective April 15. Sherman succeeds Shane Kim, who has served as interim CEO since May 2018 and as a director since July…
GameStop investors Hestia Capital Partners and Permit Capital Enterprise Fund, who own about 7.3% of the video game retailer's outstanding shares, June 12 announced that, based on preliminary voting results, the investor group's two nominees, Paul J. Evans and Kurtis…
