GameStop and RC Ventures in January agreed that Mr. Cohen, Chewy’s former Chief Operating Officer Alan Attal and former Chewy CFO Jim Grube would take board seats. The companies also agreed to standstill provisions until the annual general meeting in 2022.
Mr. Bell’s departure came shortly after GameStop earlier this month announced several new hires to its leadership team. Among those is Matt Francis, a former Amazon.com Inc. executive who will take on the newly created role of chief technology officer.
GameStop should consider a CFO with experience working at a bricks-and-mortar retailer with a strong e-commerce operation to help develop a larger digital presence, said Michael Pachter, a research analyst at financial-services firm Wedbush Securities Inc. The company currently has over 5,000 physical stores, it said in a release on Tuesday.
It will likely look for a finance chief with more operational expertise than financial skills as RC Ventures pushes for a major shift into a more digital operation, said Joseph Feldman, a senior managing director at Telsey Advisory Group, an investment bank.