GameStop CEO steps down after three months

Michael K. Mauler's tenure as GameStop CEO was a brief one. Mauler took over the position in February, and the company today announced his resignation, a little over three months later, saying only that it was for personal reasons and effective immediately.

The Dallas Morning News reports that the company confirmed Mauler's departure "is not due to any disagreement with the company regarding its financial reporting, policies or practices or any potential fraud," and added he isn't entitled to any severance.

Mauler had been a 16-year veteran with GameStop before his appointment as CEO, and was promoted from the position of executive vice president and president of international business. He took over from GameStop's interim CEO and executive chairman Dan DeMatteo. DeMatteo had previously completed a stint as the company's CEO, but took the reins again on an interim basis last year after his initial successor to the CEO role, J. Paul Raines, left for medical reasons. Raines has since passed away.

"Given my tenure and familiarity with the company and our associates, it's a natural step for me to assume this role and guide the business at this time while the board searches for a permanent CEO," DeMatteo said. "I'm happy to have Rob Lloyd, our CFO, and his 22 years of experience with GameStop alongside me as we work towards executing against our 2018 objectives. We continue to believe in GameStop and the many passionate associates that drive our business and are encouraged by the opportunities ahead of us."