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GameStop CEO Announces He Will Retire


GameStop CEO, which has been the main agenda of the past months, is retiring. What happened at the GameStop events? 2021 y

GameStop CEO, which has been the main agenda of the past months, is retiring. What happened at the GameStop events?

With a move on Reddit in January 2021, it is impossible to forget the GameStop incident, which survived the sinking and caught a sharp rise in stock prices. Although GameStop survived this crisis, it may be on the verge of a new crisis as GameStop CEO has announced that he will retire.

According to the announcement, the current GameStop CEO George Sherman has announced that he will resign. The retirement of the successful CEO, who announced his retirement on July 31, will take place earlier if there is a better proxy to move into the position. He thanked George Sherman, CEO of GameStop since 2019, for his contributions.

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GameStop is looking for a new CEO who has “talent to meet the needs of the changing business world” to replace its current CEO. GameStop’s Board of Directors, on the other hand, continues to look for the person who “has the skills and experience to accelerate the next phase of GameStop’s transformation” with the help of a 3rd party organization.

Ryan Cohen, founder of GameStop, made a statement on the subject and said, “GameStop is now much stronger than the day Sherman joined our company. I personally thank Sherman for forming significant partnerships with the new directors and new officials, including GameStop recently. ” said.

GameStop is one of the most talked about companies especially after the stock price event. After the events, the company, whose stock prices are over $ 150, is using millions of dollars to increase production and e-commerce opportunities to accelerate its growth. Sherman also imposed a 50 percent cut in his own salary due to the troubles experienced during the COVID – 19 pandemic.


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