GameStop has announced its new CEO and CFO as part of the company's financial earnings call. Matt Furlong will take over as CEO on June 21 and Mike Recupero will start as CFO on July 12.

　　This comes after it was announced in April that current CEO George Sherman would be stepping down from the role after two years. Both Furlong and Recupero come from Amazon and have experience in e-commerce and technology, which reflects the board of directors' desire to make GameStop more than a retail company, according to the press release. GameStop's previous CFO Jim Bell announced his departure from the company in February.

　　You need a javascript enabled browser to watch videos.

　　Click To Unmute

　　Firearms Expert’s FAVORITE Weapons Of 2023

　　State Of Gaming Handhelds In 2023How Lies of P Cracked the Souls GenreLike a Dragon: Infinite Wealth - Official Ichiban Kasuga Character Spotlight TrailerLike a Dragon: Infinite Wealth - Official Chitose Fujinomiya Character Spotlight TrailerLike a Dragon: Infinite Wealth - Official Kazuma Kiryu Character Spotlight TrailerLike a Dragon: Infinite Wealth - Official Saeko Mukoda Character Spotlight TrailerLike a Dragon: Infinite Wealth - Official Eric Tomizawa Character Spotlight TrailerLike a Dragon: Infinite Wealth - Official Tianyou Zhao Character Spotlight TrailerLike a Dragon: Infinite Wealth - Official Seonhee Character Spotlight TrailerLike a Dragon: Infinite Wealth - Official Koichi Adachi Character Spotlight TrailerLike a Dragon: Infinite Wealth - Official Yu Nanba Character Spotlight Trailer

　　Share

　　LinkEmbed

　　Size:640 × 360480 × 270

　　Start at: End at: Autoplay Loop

　　Want us to remember this setting for all your devices?

　　Sign up or Sign in now!

　　Please use a html5 video capable browser to watch videos.

　　This video has an invalid file format.

　　00:00:00

　　HTML5

　　Auto HD High Low

　　Report a problem

　　Sorry, but you can't access this content!

Please enter your date of birth to view this video

　　By clicking 'enter', you agree to GameSpot's

　　Terms of Use and Privacy Policy

　　enter

　　Now Playing: What The Heck Is Going On With GameStop

　　Furlong spent nine years at Amazon, focusing on e-commerce. He most recently was a country lead for Australia and spent time as a technical advisor for Amazon's North American consumer business. Recupero was at Amazon for 17 years, where he spent time as the CFO of North American consumer business and CFO of Prime Video.

　　GameStop has been a popular company since the beginning of 2021, with its stock price fluctuating heavily due to a short squeeze early in the year. The price has been rising and falling since then; at one point the price hit as high as $500, but it has stabilized a bit lower, closing today around $300. That, however, is much higher than the $5 it was a year ago.

　　The retail company has been in dire straits in recent years, and its problems were only exacerbated by the COVID-19 pandemic, which forced the chain to close stores. However, in recent months GameStop has announced plans to transform its business--with help from the increased stock price--by hiring executives with experience in growth, technology, and e-commerce. The company announced an increase in net sales of 25.1% over the first fiscal quarter of 2020, totaling in $1.3 billion.