GameStop shares jump after CEO steps down, 'Roaring Kitty' raises stake

  • 📰 CNBC
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

United States Headlines News

United States Latest News,United States Headlines

The company said Monday Chief Executive Officer George Sherman will be stepping down on July 31 or earlier upon the appointment of a successor.

The board is leading a search to identify CEO candidates with the capabilities and experience to help accelerate the next phase of the company's transformation, GameStop said in a statement.

While GameStop shares have come way off its record high of $483 in January, the stock is still up a whopping 720% for 2021. To take advantage of the massive rally, GameStop announced a at the beginning of April to accelerate its e-commerce transition led by activist investor and board member Ryan Cohen, who is Chewy's co-founder.

The company also hired former Amazon and Google executive Jenna Owens as its new chief operating officer.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Lol this is so stupid.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.