GameStop loses second senior exec as shakeup deepens

Reuters2021-03-23

March 23 (Reuters) - GameStop Corp said on Tuesday its chief customer officer Frank Hamlin will resign from the company by March 31, pointing to a deepening of changes driven by its new biggest shareholder, Chewy.com co-founder Ryan Cohen.

This is the second executive departure at GameStop since it tapped Cohen to spearhead a transition to e-commerce. Chief Financial Officer Jim Bell is stepping down this month.

The company, which is expected to report fourth quarter results after the market close on Tuesday, garnered eyeballs after a social media frenzy in January, motivated in part by anger at shortsellers, triggered a rally in its shares.

Hamlin will become entitled to the payments, rights and benefits associated with a ‘Good Reason’ resignation under his employment agreement with GameStop, it said in a regulatory filing on Tuesday.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • 0NGBAZHANG
    2021-03-24
    0NGBAZHANG
    To the mooon
  • goijj
    2021-03-24
    goijj
    Wow
  • YellowiPod
    2021-03-23
    YellowiPod
    Good riddance of those bad blood.
  • SSMH
    2021-03-23
    SSMH
    Stonks only go UP
  • 水池
    2021-03-23
    水池
    Resign also got compensation. Good life.
  • Jj1985
    2021-03-23
    Jj1985
    Means internal conflict 
    • vstrom83: 
      Really? Unlikely to be a conflict if RC has the final say with the number of shares he hold.
Leave a comment
23