GameStop Replaces CEO And CFO With Amazon Executives
GameStop has hired a new CEO and CFO, its current chief executive announced Wednesday, the latest addition to a company whose value has surged in 2021 as retail investors drove demand for the brick-and-mortar gaming store’s shares.
Matt Furlong, previously head of Amazon in Australia, will replace George Sherman as CEO by June 21, according to GameStop’s quarterly filing with the Securities and Exchange Commission.
Mike Recupero, a fellow Amazon executive, will become the company’s CFO.
GameStop shares were down more than 8% in after-hours trading.