GameStop Is Adding Celebrated Nintendo Executive Reggie Fils-Aime to the Boardroom

Video game retailer GameStop (NYSE: GME) added three new directors to its boardroom on Monday, including recently retired Nintendo (OTC: NTDOY) executive Reggie Fils-Aime. The company also announced the retirement of four directors, including executive chairman and co-founder Dan DeMatteo.

GameStop also added PetSmart CEO J.K. Symancyk and former Walmart (NYSE: WMT) U.S. CEO Bill Simon to the boardroom, effective immediately. GameStop is going through a rough spell with trailing revenue falling 26% year over year and nearly every measure of profitability printed in red ink. Adding these seasoned retail industry executives might help GameStop turn the tide.

The most interesting name on GameStop's list of boardroom additions is still Fils-Aime. He served as president of Nintendo America through some of the Japanese video game company's greatest success stories, including the launches of the Wii, DS, and Switch systems. Fils-Aimes will join GameStop's board in late April.

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Source Fool.com