GameStop taps Amazon veterans as CEO, CFO in executive overhaul

GameStop (GME) declared Wednesday that it appointed two Amazon veterans to serve as the firm’s new main executive officer and chief fiscal officer, in the most recent C-Suite shakeup for retailer. The information was launched a handful of minutes before its 1st quarter final results, which topped analysts’ estimates. 

The business said it tapped Matt Furlong as CEO, successful June 21. Most not too long ago, Furlong was a Place Chief for Amazon’s Australia organization, and was earlier a technical advisor to the head of Amazon’s North American customer organization. 

GameStop is also bringing on Mike Recupero as CFO starting July 12. Like Furlong, Recupero also has a multi-calendar year background at Amazon, and most a short while ago served as main money officer of the e-commerce giant’s North American consumer small business.

“These appointments replicate the refreshed Board’s emphasis on creating a technology company and investing in development,” the corporation reported in a statement. 

The announcements Wednesday afternoon extra to a slew of modern staff adjustments at the video clip activity retailer. GameStop has also recently overhauled its board, with Ryan Cohen, co-founder of the e-commerce platform Chewy, voted in as GameStop’s new chair of the board before Wednesday early morning. 

The appointments also characterize the most up-to-date in a string of crucial hires pulled from Amazon, underscoring GameStop’s greater ambitions in e-commerce. In March, the corporation introduced on another ex-Amazon director, Jenna Owens, as chief running officer. And in February, GameStop introduced on Matt Francis, previous engineering leader at Amazon World wide web Expert services, as its to start with-ever main technological know-how officer. 

For GameStop’s fiscal initial quarter, revenue grew by a better-than-expected 25% to $1.28 billion. Losses narrowed to 45 cents for every share, excluding some objects, when compared to losses of $1.61 for each share all through the similar interval previous year. 

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Emily McCormick is a reporter for Yahoo Finance. Observe her on Twitter: @emily_mcck

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