GameStop reportedly looking for new CEO

Sources close to the matter said the retailer's board has already contacted potential candidates

GameStop is reportedly on the hunt for a new chief executive officer.

Three anonymous sources close to the matter told Reuters that the US retailer has started looking for a new CEO as it seeks to transition from a traditional brick-and-mortar business model to a more digital-driven retail company.

GameStop's board is reportedly working with an "executive headhunter" to find a CEO and has been in touch with potential candidates already, coming from the games industry, but also e-commerce and tech.

The retailer's current CEO, George Sherman, joined in April 2019, taking over from Shane Kim who was interim CEO for a little under a year.

GameStop established a committee in March to help transform it "into a technology business." One member of the committee, Kurtis Wolf, was previously heavily criticised by GameStop itself before their nomination to the board, and labelled as "poorly qualified."

The retailer recently hired former Amazon Web Services lead Matt Francis as its new CTO to support its transition, as well as Jenna Owens as chief operating officer and a quartet of new VPs.

GameStop's CFO, Jim Bell, recently resigned from his position, with the company currently looking for a replacement.

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