GameStop shares jump after retailer sets CEO’s exit date
Game over for George Sherman as Reddit traders’ darling shifts focus to online commerce
19 April 2021 - 19:23
GameStop shares jumped on Monday after the retailer said CEO George Sherman will leave before the end of July, ending a tenure marked by a struggle to reverse declining sales and missed performance targets.
The company’s board is looking for a replacement to “accelerate the next phase of the company’s transformation”, Grapevine, Texas-based GameStop said in a statement on Monday. Sherman has held the position since April 2019...
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