Even more big changes are afoot for GameStop. The retailer announced on Monday that current CEO George Sherman is stepping down soon.
He will step down from his post on July 31, 2021 or sooner if a replacement is found and appointed before then. The GameStop board of directors, whose new chair is none other than billionaire pet food executive Ryan Cohen, thanked Sherman for his "significant contributions" to the company since he became CEO back in April 2019.
GameStop is now looking for someone with the "right skills to meet changing business requirements" to lead GameStop into the future. The board of directors is now conducting a search, with the help of a third party, to find candidates who have the "capabilities and experience to help accelerate the next phase of [GameStop's] transformation."
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