{"id":230418,"date":"2021-04-19T17:36:32","date_gmt":"2021-04-19T14:36:32","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/leadership-shakeup-continues-at-gamestop-ceo-to-depart\/"},"modified":"2021-04-19T17:36:32","modified_gmt":"2021-04-19T14:36:32","slug":"leadership-shakeup-continues-at-gamestop-ceo-to-depart","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/leadership-shakeup-continues-at-gamestop-ceo-to-depart\/","title":{"rendered":"#Leadership shakeup continues at GameStop, CEO to depart"},"content":{"rendered":"

“#Leadership shakeup continues at Game<\/a>Stop, CEO to depart<\/strong>”<\/p>\n

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\"Leadership
\n In this Jan. 28, 2021, file photo, a GameStop sign is seen above a store, in Urbandale, Iowa. Video game retailer GameStop says CEO George Sherman will be stepping down from his post by July 31, 2021. Shares of the Grapevine, Texas-based company rose more than 8% before the market open on Monday, April 19. (AP Photo\/Charlie Neibergall, File)
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The overhaul in the top ranks of GameStop continues with the announced departure of CEO George Sherman at the end of July.<\/p>\n

Company shares rose more than 8% before the opening bell Monday.<\/p>\n

Less than two weeks ago, the Grapevine, Texas, company announced the nomination of Chewy founder Ryan Cohen as chairman of the board, a major investor in the floundering video game retailer.<\/p>\n

Cohen had been buying huge stakes in the company and pushing for a digital transformation. GameStop has suffered as more gamers turn to digital download<\/a>s rather than the discs the chain sells on its shelves.<\/p>\n

Cohen was joined by two of his former colleagues on the board.<\/p>\n

They’re arrival coincided with the meteoric January rise of GameStop’s shares in a bizarre market phenomenon that pitted smaller investors who banded online against major, institutional investors who had been shorting the stock, or betting it would fall below the $20 price level in January.<\/p>\n

Shares of Gamestop Corp. now cost around $170, up 720% this year. At the end of a flurry of trading in January, the shares were close to $500 each.<\/p>\n

Last month in a regulatory filing, GameStop said that it had and hired an executive headhunter as it evaluated company leadership and that its directors had spoken to potential candidates from gaming, e-commerce and technology<\/a> sectors.<\/p>\n

Earlier this month, GameStop said that it would sell up to 3.5 million of its shares. The shares will be sold through an “at-the-market” offering, which allows companies to place their stock on the market over a period of time.\n <\/p>\n\n

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GameStop finally announces a share sale\n <\/p><\/div>\n

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\n \u00a9 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.<\/p>\n

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