David Carlson, GameStop's founding executive vice president and CFO, is to retire next year, the retailer has announced. And in preparation, the company has recruited Catherine Smith to the role in order to ensure a smooth transition.
"David has been one of my closest partners at GameStop," commented the company's CEO Daniel DeMatteo. "We have shared the difficulties of a small start-up and the accomplishments associated with the building of the multi-billion dollar company. He is committed to a smooth transition of this important role.
"With Cathy's appointment, we are pleased to bring in an executive of her caliber to our leadership team. I have the highest confident that her skills and experience will deliver continued contributions toward our objectives of revenue growth, operational efficiency and profitability."
Carlson will retire from his role next year on March 1. Smith was most recently executive VP and CFO of Dallas-based Centex Corporation. She has also served in CFO roles at the companies Kennametal, Bell Systems and the intelligence and informations systems business of Raytheon Company.