A man looks at GameStop on 6th Avenue on February 25, 2021 in New York.
John Smith | Corbis News | Getty Images
GameStop said Wednesday that it has appointed former Amazon CEO Matt Furlong as its new CEO.
It has also elected another former Amazon director, Mike Recupero, as CFO.
Furlong begins his new role on June 21
Recupero began his career at Amazon 17 years ago. Most recently, he was CFO of its North American consumer business. He previously held similar roles in Amazon’s primary video, European consumer and advertising units.
The video game retailer is in the early days trying to turn its business around. It has appointed a new slate of executives to lead its shift from being a brick-and-mortar retailer to an online player that can ward off competitors like Walmart, Sony and Microsoft. The company also needs to pay off long-term debt and find a strategy to increase its sales. Its stock has also received a boost from a Reddit-inspired trading frenzy.
Over the past few months, it has hired three former Amazon executives, Jenna Owens, its new chief operating officer; Matt Francis, its first chief technology officer; and Elliott Wilke, its growth manager. It also tapped Chewy co-founder Ryan Cohen to lead its e-commerce effort. It appointed him chairman at a shareholders’ meeting on Wednesday.
Cohen, who was named chairman Wednesday, took a stake in GameStop last year. In January, he and two other former Chewy executives were appointed to the dealer’s board as part of a deal with the company’s management.
GameStop said in the spring that outgoing CEO George Sherman would resign on July 31 or earlier until a successor was appointed.