{"id":477653,"date":"2021-04-19T06:03:13","date_gmt":"2021-04-19T10:03:13","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/gamestop-announces-chief-executive-officer-succession-plan\/"},"modified":"2021-04-19T06:03:13","modified_gmt":"2021-04-19T10:03:13","slug":"gamestop-announces-chief-executive-officer-succession-plan","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/gamestop-announces-chief-executive-officer-succession-plan\/","title":{"rendered":"GameStop Announces Chief Executive Officer Succession Plan"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">GRAPEVINE, Texas, April  19, 2021  (GLOBE NEWSWIRE) &#8212; GameStop Corp. (NYSE: GME) (\u201cGameStop\u201d or the \u201cCompany\u201d) today announced that George Sherman will be stepping down as Chief Executive Officer on July 31, 2021, or earlier upon the appointment of a successor. The Board of Directors (the \u201cBoard\u201d) thanks Mr. Sherman for his significant contributions since being appointed Chief Executive Officer in April 2019.\u00a0 \u00a0<\/p>\n<p align=\"justify\">As disclosed in GameStop\u2019s Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 23, 2021, the Board has been evaluating executive leadership to ensure the Company has the right skills to meet changing business requirements. The Company\u2019s Form 10-K also noted that the Board has retained a third-party firm to support its efforts. The Board\u2019s Strategic Planning and Capital Allocation Committee is leading a search to identify Chief Executive Officer candidates with the capabilities and experience to help accelerate the next phase of the Company\u2019s transformation.<\/p>\n<p align=\"justify\">Ryan Cohen, incoming Chairman of the Board, commented, \u201cGameStop 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.\u201d<\/p>\n<p align=\"justify\">George Sherman, Chief Executive Officer, added, \u201cI 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 tremendous passion for the gaming industry. We have helped bring stability and strength to the business, including by 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.\u201d<\/p>\n<p>\n        <strong><br \/>\n          <u>About GameStop. <\/u><br \/>\n        <\/strong>\n      <\/p>\n<p align=\"justify\">GameStop, a Fortune 500 company headquartered in Grapevine, Texas, is a leading specialty retailer offering games and entertainment products through its E-Commerce properties and thousands of stores. Visit www.GameStop.com to explore our products and offerings. Follow @GameStop and @GameStopCorp on Twitter and find us on Facebook at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=tagXz-9aMPTHAVaDlQj31PFv2qDXcPEeLz4j8l88YoSS2gN3sjM0WrkzljqBeasBdFWP5uF8J0bLO5GslNIahBCh4vyhrroRidqLILEXmB4=\" rel=\"nofollow noopener\" target=\"_blank\">www.facebook.com\/GameStop<\/a>.<\/p>\n<p align=\"justify\">\n        <strong><br \/>\n          <u>Cautionary Statement Regarding Forward-Looking Statements &#8211; Safe Harbor<\/u><br \/>\n        <\/strong>\n      <\/p>\n<p align=\"justify\">This press release contains \u201cforward looking statements\u201d within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally \u00a0include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as \u201cbelieves,\u201d \u201cplans,\u201d \u201canticipates,\u201d \u201cprojects,\u201d \u201cestimates,\u201d \u201cexpects,\u201d \u201cintends,\u201d \u201cstrategy,\u201d \u201cfuture,\u201d \u201copportunity,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201cshould,\u201d \u201ccould,\u201d \u201cpotential,\u201d or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company\u2019s business and financial results are included in the Company\u2019s filings with the SEC including, but not limited to, the Company\u2019s Annual Report on Form 10-K for the fiscal year ended January 30, 2021, filed with the SEC on March 23, 2021. \u00a0All such filings are available at\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=SLU1gxtfdorcDHz1tageA_Rl0xsU9acjbfA-6JGjcGtkDViqVVBnNt0OvqTiFFUVorrWcLCTlFmBi9zzfgm7P2jq9gIZlXldAB2RdRjKLLWKcqO6nMpaVXywfU9QokzbKIWvsL9buQxnhtzGNZ80PuWjZD3gP1XOk5o-zAL6y2VK29tkU5SttwBUSGVOOEkiwie3lovb02w05_MWw5YIxhJUj8akDxFbx3b4cub3w4c=\" rel=\"nofollow noopener\" target=\"_blank\"><u>www.sec.gov<\/u><\/a>\u00a0and on the Company\u2019s website at\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=5mLsWJIXHEGKWGXFeZkV_ee-bQ4_MguFpREZD4NrrvfjRWvORf2XlRJvny8MxgaoFi3cEaUAn2Za3I-xeSR2XQHVHja2j4QBF-WQzDGQXUP_XCL37kkwgkju2-BKUVK28naMSeh1hAOLybDs65PG9mKCVBVIimdzqkkwy-5_kd1AivQLZAsvNj0rg85A5p2HWOCJjLDGvocSEzhVBqa0da8gAoFpNDodo-OtSF7qPaQ=\" rel=\"nofollow noopener\" target=\"_blank\"><u>www.GameStop.com<\/u><\/a>.<\/p>\n<p align=\"justify\">\n        <strong><br \/>\n          <u>Contact<\/u><br \/>\n        <\/strong>\n      <\/p>\n<p>GameStop Investor Relations<br \/>817-424-2001<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ky03_k9lfRigrp0PEWJl7VtB8B4puvs1rMIbimaNZO_T46V-ijx0D3HIuZwQPpkyodhATQ7WggwCCac8Sn8wL9snCIFgesTPvk1CGphvibsLhXo5yKcx7SRpjvwMoiN3y7XOJTCMZ_8FxtVU5O_KUc2k9j6nZjqqrwB-08aZPGNTNRa821qay3Ew3jtA6LsXl__Ji6-EFbs1mdKNUj8ouNN8udgjFlu7C3I2x8xDIJAQpwcoFMGV2_P_5gmB1QmNEMqH-n09pnLWAk-46wF9ZoC9S4u6OwLKvLXxwRheWroWsNgZR7zumE0-D27L_myz-E6ic2ma45_wL5KFzNb3K2uBx5YT_ErFJl4QP3QYyBaQ6rBlZPPONoHdAu_HdUPuJwAxbg4BevkLcFMVKK_n28bM4k4UfKbJMhvsEAgLWQuSkzwJIfCUsWtd7SOWVfJQmtSiCYqcD1_2Et6kl3sBUHu2hXfhXp83DZc3rfA-xM6jjPqOv2kbs0WJ2pdVaAHafhsQWZVAMNb6OA7gBdAemw==\" rel=\"nofollow noopener\" target=\"_blank\">investorrelations@gamestop.com<\/a><\/p>\n<p>GameStop Public Relations<br \/>Joey Mooring<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=vYtvq9Za5U49P5C-pYq7QcvH4-xElYIzLKRkJBHR30Bn9dws48-xIPm1K0-VycGvnTJgRIjk455-u9dOYFNOVzEM9piBtg0tmTauDL2XWTiEgggLHqVIOci_pA4j6gSOJbOTrEascgC_DetXbFPllCGm2-nDPh9wnlJqueMy9d7i1uh3eb0crSKxqVPggeRwKSIoPZdCF8rYnafrg73ig6I0KDR0cwaETYVAJeF4KICLmZrL7Sp3dwpoUPulGRGHmAcn4EvzXsfXSMVwfcx4eA==\" rel=\"nofollow noopener\" target=\"_blank\">joeymooring@gamestop.com<\/a><\/p>\n<p>or<\/p>\n<p>Profile<br \/>Greg Marose \/ Charlotte Kiaie<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=p9JgCdh0o2uTMw7NwK7lMJq7uFxIubi3d-wO_XWQnkhVP78hq-L5VtHDIzl8T2re5nKNbtNYdy-Y2d47B1ZHxqVS6N0uoZIYdxERJu0DIG4jK4LpLZ04aXvsp25tKvBp_AFtl12FP9WtLJeJ4wn-HjpvA7cvTjB7OsksVyEPpSVi1uX8TrC0X_w39Jw6PiX1b0v9M2coW6NiOk0hjUkJamSn0tSMmN1uHjHtwK1dPxTbjzjgSN8yYy5Eacoex6WWxSBWepY2TCZoolKPugnqhcmRsx1YGiu2MXKKGsYnQvI=\" rel=\"nofollow noopener\" target=\"_blank\">gamestop@profileadvisors.com<\/a><\/p>\n<p>\u00a0<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIxOTIwMSM0MTI2NjEzIzIxMjMxMTk=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/2b0f666e-93b7-4cfa-937b-aedca655f08c\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>GRAPEVINE, Texas, April 19, 2021 (GLOBE NEWSWIRE) &#8212; GameStop Corp. (NYSE: GME) (\u201cGameStop\u201d or the \u201cCompany\u201d) today announced that George Sherman will be stepping down as Chief Executive Officer on July 31, 2021, or earlier upon the appointment of a successor. The Board of Directors (the \u201cBoard\u201d) thanks Mr. Sherman for his significant contributions since being appointed Chief Executive Officer in April 2019.\u00a0 \u00a0 As disclosed in GameStop\u2019s Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 23, 2021, the Board has been evaluating executive leadership to ensure the Company has the right skills to meet changing business requirements. The Company\u2019s Form 10-K also noted that the Board has retained a third-party firm to support &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/gamestop-announces-chief-executive-officer-succession-plan\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;GameStop Announces Chief Executive Officer Succession Plan&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-477653","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>GameStop Announces Chief Executive Officer Succession Plan - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/gamestop-announces-chief-executive-officer-succession-plan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GameStop Announces Chief Executive Officer Succession Plan - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"GRAPEVINE, Texas, April 19, 2021 (GLOBE NEWSWIRE) &#8212; GameStop Corp. (NYSE: GME) (\u201cGameStop\u201d or the \u201cCompany\u201d) today announced that George Sherman will be stepping down as Chief Executive Officer on July 31, 2021, or earlier upon the appointment of a successor. The Board of Directors (the \u201cBoard\u201d) thanks Mr. Sherman for his significant contributions since being appointed Chief Executive Officer in April 2019.\u00a0 \u00a0 As disclosed in GameStop\u2019s Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 23, 2021, the Board has been evaluating executive leadership to ensure the Company has the right skills to meet changing business requirements. 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(NYSE: GME) (\u201cGameStop\u201d or the \u201cCompany\u201d) today announced that George Sherman will be stepping down as Chief Executive Officer on July 31, 2021, or earlier upon the appointment of a successor. The Board of Directors (the \u201cBoard\u201d) thanks Mr. Sherman for his significant contributions since being appointed Chief Executive Officer in April 2019.\u00a0 \u00a0 As disclosed in GameStop\u2019s Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 23, 2021, the Board has been evaluating executive leadership to ensure the Company has the right skills to meet changing business requirements. The Company\u2019s Form 10-K also noted that the Board has retained a third-party firm to support &hellip; Continue reading \"GameStop Announces Chief Executive Officer Succession Plan\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/gamestop-announces-chief-executive-officer-succession-plan\/","og_site_name":"Market Newsdesk","article_published_time":"2021-04-19T10:03:13+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIxOTIwMSM0MTI2NjEzIzIxMjMxMTk=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/gamestop-announces-chief-executive-officer-succession-plan\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/gamestop-announces-chief-executive-officer-succession-plan\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"GameStop Announces Chief Executive Officer Succession Plan","datePublished":"2021-04-19T10:03:13+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/gamestop-announces-chief-executive-officer-succession-plan\/"},"wordCount":623,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/gamestop-announces-chief-executive-officer-succession-plan\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIxOTIwMSM0MTI2NjEzIzIxMjMxMTk=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/gamestop-announces-chief-executive-officer-succession-plan\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/gamestop-announces-chief-executive-officer-succession-plan\/","name":"GameStop Announces Chief Executive Officer Succession Plan - 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