GameStop CEO recovering from brain tumor

Paul Raines had the tumor removed last week; his executive team will help oversee operations during his recovery

In a filing with the SEC today, leading video games retailer GameStop revealed that its CEO Paul Raines had a "very small" tumor recently removed from his brain. Thankfully for Raines, his family and GameStop, the cancerous tumor was discovered at an early stage and doctors said the prognosis for a complete recovery is good.

"The next step is for Paul to undergo preventive chemotherapy. Recovery from this process is expected to take about six weeks. This regimen will restrict his travel during that period, but will not interfere with his continued leadership of the Company," GameStop said in the filing.

Daniel A. DeMatteo, Executive Chairman, added, "Speaking for the Board, we have every confidence in Paul's continued leadership and wish him a speedy recovery. While he recovers, our highly-tenured executive team will ensure that our business continues without interruption."

GameStop is expected to report its second-quarter financial results this Thursday. The company recently confirmed reports that it's overhauling its trade-in program. wishes Raines all the best for a quick and full recovery.

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