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GameStop CEO Announces Resignation

TheMotleyFool

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GameStop (NYSE: GME) announced today that CEO George Sherman will be stepping down on July 31, or sooner if the company finds a successor earlier. The move is the latest in the plan for the video game retailer to transition from a brick-and-mortar sales model to a company focused on an e-commerce business.

The transition of the business effectively began when the company brought in activist investor and Chewy co-founder Ryan Cohen to GameStop's board of directors. Earlier this month the company said it intends to elect Cohen to chairman of the board at GameStop's upcoming shareholder meeting in June.

Source Fool.com

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