GameStop Seeks New CEO as Roller-Coaster Performance Continues

As its shares continue to surge and plunge after a period of sideways movement, GameStop (NYSE: GME) is on a quest to find a new CEO. The man occupying that executive position, George Sherman, has been CEO for under two years, Business Insider reports. Company leadership has been shifting rapidly, with former Chewy CEO Ryan Cohen joining its board of directors at the start of 2021.

Three unnamed sources told Reuters earlier today that Cohen wants a chief executive better suited to "digital transformation." Sherman has some two and a half decades of executive experience but focused on physical retail rather than the internet. The move is likely part of an administrative shakedown that has seen Cohen hire other former Chewy personnel for important posts at GameStop.

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Source Fool.com