GameStop’s Latest CEO Resigns Just 3 Months Into the Job

Posted by May 11, 2018 Comment

It seems as if GameStop seems to have a new issue come up every few months these days, and the latest has left the company temporarily without anyone at the helm. This week, CEO Michael Mauler resigned from his position just three months into the job. According to Variety, the decision had nothing to do with the company or anything having to do with the job but instead was done for personal reasons. Here’s a brief snippet from the article, in which a spokesperson for the retail chain addresses the matter.

“His resignation is not due to any disagreement with the Company regarding its financial reporting, policies or practices or any potential fraud relating thereto,” a spokesperson told Variety.

The company’s Board of Directors appointed co-founder Daniel DeMatteo as interim chief executive officer. He will also continue to serve as executive chairman and director.

“Given my tenure and familiarity with the company and our associates, it’s a natural step for me to assume this role and guide the business at this time while the board searches for a permanent CEO,” DeMatteo said. “I’m happy to have Rob Lloyd, our CFO, and his 22 years of experience with GameStop alongside me as we work towards executing against our 2018 objectives. We continue to believe in GameStop and the many passionate associates that drive our business and are encouraged by the opportunities ahead of us.”

This won’t affect day-to-day operations at GameStop, but it definitely raises some concerns as to how things are being run at the top. We’ll see who gets the job next as they look for a replacement.

(Last Updated May 11, 2018 12:18 pm )

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