GameStop Appoints Matt Furlong to Board of Directors

Rhea-AI Summary

GameStop Corp. (NYSE: GME) has appointed Matt Furlong as the new Chief Executive Officer and member of the Board of Directors, effective immediately. This change coincides with the retirement of George Sherman from the Board. Currently, five out of six Board members remain independent, highlighting a shift in leadership that aims to navigate the company's future direction. GameStop is a leading specialty retailer in games and entertainment, operating both online and in thousands of stores.

Positive

• Appointment of Matt Furlong as CEO may bring fresh perspectives and leadership.
• Continued independence of five out of six board members supports governance.

Negative

• George Sherman's retirement may raise concerns regarding continuity.
• Leadership change could introduce uncertainty in strategic direction.

GRAPEVINE, Texas, June 21, 2021 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today announced the appointment of Matt Furlong to the Company’s Board of Directors (the “Board”), effective immediately. The appointment date aligns with Mr. Furlong’s start date as GameStop’s new Chief Executive Officer. Coinciding with Mr. Furlong’s appointment, George Sherman has retired from the Board. Five of the six members of the Board remain independent.

About GameStop

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 www.facebook.com/GameStop.

Contacts

For Stockholders:

GameStop Investor Relations
817-424-2001
investorrelations@gamestop.com

For Media:

Greg Marose / Charlotte Kiaie
gamestop@profileadvisors.com

 

FAQ

Who is the new CEO of GameStop?

Matt Furlong has been appointed as the new CEO of GameStop.

What happened to George Sherman at GameStop?

George Sherman has retired from the Board of Directors at GameStop.

What impact does the CEO change have on GameStop's future?

The change in CEO may lead to new strategies and directions for GameStop.

How many independent members are on GameStop's Board?

Five out of six members of GameStop's Board remain independent.