«GameStop» Financial Director Will Step Down at the End of March
OREANDA-NEWS. Jim Bell, the chief financial officer of «GameStop», the owner of a chain of video game stores, will step down on March 26, a few weeks after the company's stock price soared and then fell. Bell has been the financial director and Executive president of «GameStop» since June 2019.
The company did not give a reason for Bell's departure, but noted «his significant contributions and leadership qualities, including initiatives during the COVID-19 pandemic last year». «GameStop» started looking for a replacement for Bell. If a candidate for this position is not found by the end of March, Diana Jajeh, the company's chief accountant, will be appointed acting Financial Director.
«Chewy» co-founder Ryan Cohen, who owns 13% of «GameStop» through investment firm «RC Ventures», in November demanded, that «GameStop» board of directors review it's business strategy and reduce it's reliance on physical retail, focusing instead on e-commerce.
Bell's departure, which is not related to disagreements over the company's operations, policies or practices, followed new appointments to the retailer's management. In particular, «GameStop» announced the appointment of Matt Francis, a former top manager Amazon, to the new position of Chief technology officer.