A man looks at GameStop on 6th Avenue in New York on February 25, 2021.
John Smith | Corbis News | Getty Images
It has also elected another former Amazon executive, Mike Recupero, to be its chief financial officer.
The company’s stock fell about 4% in expanded trading after the new leadership and leadership were announced Business figures for the first quarter, which recorded a 25% increase in sales and a smaller loss than a year ago.
Furlong will take up his new position on June 21st. He has been with Amazon for nearly nine years, most recently leading the growth of the Australian business. Prior to that, he was a technical advisor to Amazon’s head of North America consumer business and worked for Procter & Gamble.
Recupero started his career at Amazon 17 years ago. Most recently, he was chief financial officer of the North American consumer business. He previously held similar positions in Amazon’s Prime Video, European Consumer and Advertising departments.
The video game retailer is in the early days of trying to turn its business around. It has named a new roster of executives to lead its transition from brick-and-mortar retailer to an online player who can fend off competitors like Walmart, Sony and Microsoft. The company also needs to pay off long-term debt and find a strategy to grow its sales. The stock also got a boost from a Reddit-inspired trading frenzy.
It has hired three former members in the past few months Amazon Senior executives, Jenna Owens, her new chief operating officer; Matt Francis, its first chief technology officer; and Elliott Wilke, their chief growth officer. There was also a knock Tough Co-founder Ryan Cohen to direct its e-commerce efforts. It named him chairman at a shareholders’ meeting on Wednesday.
Cohen, who was named chairman on Wednesday, joined GameStop last year. In January, he and two other former Chewy executives were appointed to the retailer’s board of directors under an agreement with management.
GameStop said in the spring that the outgoing CEO is George Sherman would resign on July 31st or earlieruntil a successor is appointed.