GameStop CFO Resigns Weeks After Reddit-Fueled Stock-Market Frenzy

GameStop CFO Resigns Weeks After Reddit-Fueled Stock-Market Frenzy

The Grapevine, Texas-based videogame retailer said Jim Bell will resign as executive vice president and chief financial officer March 26. He was appointed in June 2019.

Jim Bell’s resignation takes effect March 26.
PHOTO: GAMESTOP

GameStop, which also sells consumer electronics and gaming merchandise, didn’t provide a reason for Mr. Bell’s departure, but said it wasn’t related to a disagreement with the company or its operations, policies or practices. It lauded “his significant contributions and leadership, including his efforts over the past year during the Covid-19 pandemic.”

The company said it has launched the search for a successor “to help accelerate the company’s transformation.” It plans to appoint Chief Accounting Officer Diana Jajeh to the role of interim CFO if it doesn’t find a permanent replacement for Mr. Bell by the time he leaves.

GameStop last year came under pressure from Chewy Inc. co-founder Ryan Cohen, who holds a nearly 13% stake through his investment firm RC Ventures LLC. RC Ventures in November sent a letter to GameStop’s board urging it to conduct a strategic review of the business and reduce its reliance on physical retail, focusing on e-commerce instead.

Share

Leave a Reply

Your email address will not be published.