Exclusive: GameStop starts searching for new CEO sources

FILE PHOTO: A GameStop store is seen in the Jackson Heights neighborhood of New York City, New York, USA on January 27, 2021. Image taken on January 27, 2021. REUTERS / Nick Zieminski / File Photo

(Reuters) – GameStop Corp is looking for a new CEO to replace George Sherman as it pivots from being a video game retailer to an e-commerce company, three people familiar with the matter said Monday.

It would be GameStop’s biggest shake-up since Ryan Cohen, co-founder and former CEO of online pet food company Chewy Inc, joined the board in January.

The GameStop board is working with an executive bounty hunter on the CEO search, sources said, requesting anonymity because the matter is confidential.

A GameStop spokesman declined to comment.

Svea Herbst-Bayliss Reports; Edited by Dan Grebler

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