Home Business News GameStop lost its second senior executive as the shaking deepened

GameStop lost its second senior executive as the shaking deepened


Β© Reuters. FILE PHOTO: A GameStop store sign is seen at its store in Westminster

(Reuters) -GameStop Corp said on Tuesday its customer manager Frank Hamlin will resign from the company on March 31, pointing out that deeper changes are attributed to the company’s new largest shareholder. , Chewy (NYSE :). Com, co-founder Ryan Cohen.

This is the second executive departure at GameStop (NYSE πŸ™‚ since the company tapped Cohen to spur the transition to e-commerce. Chief Financial Officer Jim Bell will resign this month.

Hamlin, who previously served as the company’s chief marketing officer, has held his current position since June 2019. As customer manager, he has been in charge of marketing, loyalty. client’s and GameStop’s “omnichannel business”, according to the company’s website.

Since Cohen joined GameStop’s board in January, the 35-year-old entrepreneur has been obsessive about customer service, contacting customers late into the night to gather feedback, and has driven site upgrades. the company’s web and online ordering system, Reuters reported. Tuesday.

He is pursuing a transformation that defies all the difficulties of the traditional retailer into an ecommerce company that could take over large box retailers like Target Corp (NYSE πŸ™‚ and Walmart (NYSE πŸ™‚ Inc and technology companies like Microsoft Corp (NASDAQ πŸ™‚ and Sony Corp (T :).

GameStop was the main beneficiary of the rise spurred by a group of amateur traders focused on the social network in January, prompting some short-seller hedge funds to pay billions of dollars and make money for the others.

Since being labeled as “meme stocks”, the company’s shares have continued to fluctuate sharply. The company is expected to report fourth-quarter results after the market closes on Tuesday.

Hamlin will be entitled to payments, rights and benefits related to his ‘Good Cause’ resignation under his employment agreement with GameStop, it said in a regulatory filing on Tuesday. (https: //

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