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GameStop names former Amazon execs Matt Furlong, Mike Recupero as its new CEO, CFO

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GameStop names former Amazon execs Matt Furlong, Mike Recupero as its new CEO, CFO

GameStop said Wednesday that it has appointed former Amazon executive Matt Furlong as its new CEO.

It has also picked but every other former Amazon executive, Mike Recupero, as chief monetary officer.

Early Newspaper

GameStop’s stock was down bigger than 12% in prolonged buying and selling after the company announced its new leadership and its fiscal first-quarter outcomes, which showed gross sales up 25% and a narrower loss than it reported a twelve months in the past.

Furlong will commence his new characteristic on June 21. He has worked for Amazon for almost about 9 years, most no longer too prolonged in the past leading the expansion of its Australia enterprise. Ahead of that, he served as a technical handbook to the head of Amazon’s North The US person enterprise and worked for Procter & Gamble.

Recupero started his occupation at Amazon 17 years in the past. Most no longer too prolonged in the past, he was the chief monetary officer of its North American person enterprise. He previously held same roles within Amazon’s top video, European person and marketing units.

The video sport retailer is in the early days of making an strive to flip round its enterprise. It has named a recent slate of executives to lead its shift from being a brick-and-mortar retailer to a web-based participant that can fend off opponents such as Walmart, Sony and Microsoft. The company needs to get a technique to develop its gross sales. Its stock has also gotten a boost from a Reddit-inspired buying and selling frenzy.

Over the past few months, it has hired three former Amazon executives, Jenna Owens, its new chief working officer; Matt Francis, its first chief technology officer; and Elliott Wilke, its chief increase officer. It also tapped Chewy co-founder Ryan Cohen to lead its e-commerce efforts. It named Cohen chairman at a shareholder meeting Wednesday.

Cohen took a stake in GameStop last twelve months. In January, he and two diversified former Chewy executives were named to the retailer’s board as phase of an settlement with the company’s management.

GameStop said in the spring that outgoing CEO George Sherman would step down July 31 or earlier, pending the appointment of a successor.

Read GameStop’s earnings release here and its CEO and CFO press release here.

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GameStop names former Amazon execs Matt Furlong, Mike Recupero as its new CEO, CFO

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