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.

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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.
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