Retail

GameStop names former Amazon execs as its new CEO, CFO

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GameStop said Wednesday that it has appointed former Amazon executive Matt Furlong as its new CEO.

It has also picked another former Amazon executive, Mike Recupero, as chief financial officer.

GameStop’s stock was down more than 12% in extended trading after the company announced its new leadership and its fiscal first-quarter results, which showed sales up 25% and a narrower loss than it reported a year ago.

Furlong will start his new role on June 21. He has worked for Amazon for nearly nine years, most recently leading the growth of its Australia business. Prior to that, he served as a technical advisor to the head of Amazon’s North America consumer business and worked for Procter &…



Source cnbc.com

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