According to its earnings release earlier this week, GameStop has poached its new chief executive (CEO) and chief financial officer (CFO) from Amazon, looking to continue to grow its e-commerce business model as it moves away from store-based locations.
Matt Furlong replaces former GameStop CEO George Sherman, while Mike Recupero comes in as CFO.
“GameStop today announced the appointments of Matt Furlong as Chief Executive Officer and Mike Recupero as Chief Financial Officer. Messrs. Furlong and Recupero join from Amazon, where they held senior roles and oversaw various growth initiatives during their respective tenures. The Company is continuing to actively pursue senior talent with gaming, retail and technology experience,” GameStop announced via a press release.
“In recent months, GameStop — which has been a darling of internet retail stock traders this year — has undergone a major executive shakeup at the direction of Ryan Cohen, the billionaire Chewy.com founder who invested heavily in GameStop last year and joined its board in January,”