GameStop names former Amazon execs Matt Furlong, Mike Recupero as its new CEO, CFO

A man appears at GameStop at sixth Avenue on February 25, 2021 in New York.

John Smith | Corbis News | Getty Pictures

GameStop acknowledged Wednesday that it has appointed dilapidated Amazon executive Matt Furlong as its fresh CEO.

It has moreover picked one other dilapidated Amazon executive, Mike Recupero, as chief monetary officer.

Furlong will open his fresh role on June 21. He has labored for Amazon for nearly nine years, most lately leading the growth of its Australia alternate. Sooner than that, he served as a technical consultant to the head of Amazon’s North The usa consumer alternate and labored for Procter & Gamble.

Recupero started his profession at Amazon 17 years ago. Most lately, he used to be the executive monetary officer of its North American consumer alternate.

The video sport retailer is within the early days of seeking to explain round its alternate. It has named a fresh slate of executives to lead its shift from being a brick-and-mortar retailer to a web based participant that can perhaps perhaps fend off competitors savor Walmart, Sony and Microsoft. The company moreover must pay off lengthy-term debt and gain a system to develop its sales. Its inventory has moreover gotten a select from a Reddit-inspired trading frenzy.

All the method via the previous couple of months, it has employed three dilapidated Amazon executives, Jenna Owens, its fresh chief working officer; Matt Francis, its first chief technology officer; and Elliott Wilke, its chief growth officer. It moreover tapped Chewy co-founder Ryan Cohen to lead its e-commerce efforts. It named him chairman at a shareholder assembly Wednesday.

Cohen, who used to be named chairman on Wednesday, took a stake in GameStop final year. In January, he and two varied dilapidated Chewy executives were named to the retailer’s board as segment of an settlement with the corporate’s management.

GameStop acknowledged within the spring that outgoing CEO George Sherman would step down July 31 or earlier, pending the appointment of a successor.