GameStop (NYSE:GME), a turbulent firm that has seen quite a few high govt comings and goings of late, reported one other one on Friday. It disclosed in a regulatory submitting that Chief Merchandising Officer Chris Homeister has given discover of his resignation. This can probably be efficient sooner or later this quarter (Q2); the corporate didn’t present extra particular timing.
It did say that it has begun discussions with Homeister concerning the switch of his duties to different GameStop executives.
The corporate is shedding a veteran retail trade govt. Previous to the start of Homeister’s tenure at GameStop in June 2019, he served in a variety of top-level positions all through the sector. He was CEO and president of The Tile Store, a specialty retailer based mostly in Minnesota. He additionally served in a number of capacities at Finest Purchase, together with senior vice chairman of strategic planning, and common supervisor — merchandising.
In its submitting, GameStop didn’t present a cause for Homeister’s resignation.
The corporate’s C-suite has witnessed quite a few adjustments because it introduced in Chewy co-founder Ryan Cohen in early March. Cohen was named as chairman of a particular board of administrators committee tasked with reshaping the retailer’s e-commerce technique.
Since Cohen’s arrival, GameStop has employed onetime Amazon.com (NASDAQ:AMZN) govt Elliott Wilke to be its chief development officer. A number of days previous to that, GameStop introduced that it had tapped one other Amazon veteran, Jenna Owens, to be its new chief working officer (changing the outgoing Jim Bell).
GameStop is a particularly high-profile firm as of late, because of the brief squeeze inspired by members of the Reddit group WallStreetBets earlier this yr. As a reasonably conventional brick-and-mortar retailer, it has been hobbled by the dual bogeymen of its trade, the retail apocalypse and the coronavirus pandemic.
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