GameStop Terminates Two Senior Executives

GameStop Feb. 9 announced it terminated COO Tony Bartel and Michael Hogan, EVP of strategic business and brand development, upon authorization of its board of directors. Both executives were fired without cause, meaning they will receive severance and other benefits, according to a regulatory filing.

Bartel, who was COO since 2015, earned more than $3.9 million in total compensation in 2016. Hogan has been with GameStop since 2008, earning more than $2.2 million in total compensation in 2016.

The moves come a day after the video game retailer appointed 16-year veteran Michael Mauler to the CEO position, replacing Paul Raines, who stepped down last November due to health issues.

The world’s largest video game retailer last month reported 13.7% increase in domestic winter holiday sales.

Total global sales for the holiday period were $2.77 billion, a 10.6% increase compared to the 2016 holiday period. Total comparable store sales increased 11.8%, growing 13.7% in the U.S. and 7.9% internationally.

 

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