Reggie Fils-Aime among 8 directors leaving GameStop's board in June 2021
Fils-Aime joined the GameStop Board of Directors in an advisory capacity last year shortly following his exit as President of Nintendo of America.
In March 2020, former and iconic Nintendo of America president Reggie Fils-Amie surprised many with the announcement that he would be joining GameStop’s Board of Directors. Reportedly, Fils-Aime joined in an advisory capacity to aid GameStop in ongoing business transformation as the company was going through one of its most dismal and fragile periods ever. Around a year later, it looks like Fils-Aime is preparing to exit the position alongside eight other board members with official resignation coming this June 2021.
The news of Reggie Fils-Aime and the eight other GameStop board members stepping down from the company was announced in a recent SEC filing, as reported by GamesIndustry.biz. GameStop reportedly announced that Fils-Aime and other directors are expected to step down at the company’s 2021 Annual Meeting, which is scheduled to take place on June 10, 2021. The other members expected to resign are former Walmart US CEO William "Bill" Simon, PetSmart president and CEO James "JK" Symancyk, Lizabeth Dunn, Paul Evans, Raul J. Fernandez, Carrie W. Teffner, and Kathy P. Vrabeck. GameStop stressed that these resignations are “not because of a disagreement with us on any matter relating to our operations, policies or practices.”
Reggie Fils-Aime joined the GameStop Board of Directors back in March 2020 alongside the aforementioned Bill Simon and James Symancyk. It was considered a strange move considering Fils-Aime had exited his position as Nintendo of America President slightly prior in April 2019 and GameStop was heavily struggling to maintain and transform its business at the time. That said, Reggie’s role on GameStop’s board was mostly advisory, meant to aid the company in its transformation.
Indeed, GameStop has seen a huge executive and high-level restructure lately with various leading officials resigning and the company’s shift in priority towards e-commerce. The skyrocket and volatility of GameStop (GME) stock due to outside influence has also been an interesting new development for the otherwise struggling game retailer, though one it has teased it may try to capitalize on.
Whatever the case, Fils-Aime and other GameStop Board of Directors will apparently be on their way out come June. Stay tuned as we continue to follow this story for further updates and developments.
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replyTJ Denzer posted a new article, Reggie Fils-Aime among 8 directors leaving GameStop's board in June 2021
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Well that was quick, wasn't he added like in late 2019?
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Hello, read the damn article, yeah barely over a year.
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Yes because I was a moron.
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oh yeah, then why are their stock prices skyrocketing? Check mate reggie.
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Not real surprised by this. I'm sure they wanted some of his ideas. He probably had some decent ones. I assume the old guard was all like "Na, bro, we gotta keep doing what we doing, especially now because of the online doing well."
It's shocking to think that covid may have actually saved GS and helped them survive until the new console releases. If there really is a new Switch Pro that will help them float some more. Just a crazy time.
But, I think in the end they still go under. Unless that Xbox payment thing is actually working out for them. But, I haven't seen any articles about that, so probably not. -
I assume they will be appointing various Redditors to the board in their place.
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