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GameStop (GME) begins search for new CEO

GameStop is reportedly looking for a new CEO

Donovan Erskine

April 12, 2021 11:01 AM

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The leading video game retailer GameStop is eyeing a massive change, as new reports state that the company is currently looking for a new CEO. This comes on the heels of a busy few months for the company, as it made some major changes to its business model, while also seeing intense volatility in its stock.

This news comes from an exclusive report at Reuters. According to three sources, GameStop is currently looking to replace George Sherman as its CEO. A large reason behind the move is the company’s recent shift from brick and mortar to e-commerce. This makes sense, as GameStop reported a 34% increase in e-commerce sales in Q4.

I will do it. $GME https://t.co/7tgcUPMTmJ

— Productive Citizen ✌🏾💙🙏🏾👊🏾 (@technosucks) April 12, 2021

Keep in mind that this is a report, and that GameStop declined to publicly comment on the news. If it is indeed true, it could be a while until we get official word.

This is just the latest major GameStop headline. Earlier this year, the stock exploded in value, and continues to be extremely volatile. Back in March, GameStop named Chewy cofounder Ryan Cohen as e-commerce lead.

Donovan Erskine

News Editor

Donovan is a journalist from Maryland. His oldest gaming memory is playing Pajama Sam on his mom's desktop during weekends. Pokémon Emerald, Halo 2, and the original Star Wars Battlefront 2 were some of the most influential titles in awakening his love for video games. After interning for Shacknews throughout college, Donovan graduated from Bowie State University in 2020 with a major in broadcast journalism and joined the team full-time. He is a huge film fanatic and will talk with you about movies and games all day. You can follow him on twitter @Donimals_