FILE PHOTO: The GameStop store sign is seen at its shop in Westminster - GameStop Corp Chairman Ryan Cohen made a point of doing away with corporate excess such as a company plane and used the allure of rebuilding the videogame retailer to recruit Amazon.com Inc's Australia chief Matt Furlong as chief executive, according to people familiar with the process.
The move represents Cohen's boldest gambit yet in his push to attract talent from Amazon. GameStop's market value has soared to $16 billion from $250 million a year ago, as amateur traders challenged hedge funds betting against the company and turned it into a popular "meme" stock on Reddit and other social media.
In March, Cohen tapped Amazon operations executive Jenna Owens as chief operating officer, one month after bringing in top Amazon Web Services engineer Matt Francis as chief technology officer. Another Amazon executive in the e-commerce giant's grocery business, Elliott Wilke, was hired in April as chief growth officer.Cohen spent two months speaking to more than 50 potential CEO candidates from a range of industries, including gaming and e-commerce, the sources said.
Some GameStop board members even played up the challenges Furlong would face in transforming the company into an "Amazon of videogames" to make sure he was committed.
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