GameStop (NYSE: GME) continues to shake up its management team as Chairman-elect and major shareholder Ryan Cohen moves chess pieces in an effort to regain relevance in the video game sector and justify the stock’s 800% year-to-date surge. CEO George Sherman was the latest casualty.
Telsey Advisory Group analyst Joseph Feldman believes GameStop will turn to the tech industry to find the next CEO and CFO. The ideal candidate “would require a wide range of strategic and operational experience, given GameStop’s complex business model, including ~4,800 global stores, digital, used games, new software and hardware, and collectibles,” Feldman commented.
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