GameStop’s CEO George Sherman has decided to step down from his position by July 31, 2021, with a replacement already being in the looks. George Sherman has been active CEO since April 2019 and has been thanked for his contribution before his assigned departure.
Gamestop is now looking for someone new that will meet the business requirements and have the right skills to drive GameStop to a better future. As Ryan Cohen, former Chewy CEO and pet food billionaire, is onto something new. According to him via Gamespot:
GameStop appreciates the valuable leadership that George has provided throughout his tenure. He took many decisive steps to stabilize the business during challenging times. The company is much stronger today than when he joined. 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.
I am very proud of what we have accomplished at GameStop over the past two years, including during the difficult COVID-19 pandemic. It has been a privilege to lead so many dedicated, talented individuals who collectively possess a tremendous passion for the gaming industry. We have helped bring stability and strength to the business, including de-densifying our store footprint, reducing costs and debt, and driving e-commerce growth. I also want to take this opportunity to thank our Board for all of its collaboration and support.
Currently, GameStop is looking for a new CEO. Hopefully, this viable replacement will lead GameStop in the future.