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https://www.wsj.com/articles/gamestop-fires-ceo-names-investor-ryan-cohen-executive-chairman-39782eac

GameStop Shares Fall as It Terminates CEO and Ryan Cohen Becomes Executive Chairman

Former CEO, Matt Furlong, was hired in 2021 to revitalize sales at the videogame retailer

By Sarah E. Needleman
GameStop has contended with a drop in its e-commerce sales and is now back to relying more on stores. Photo: Yuki Iwamura/Bloomberg News

GameStop shares plunged Wednesday after it terminated Chief Executive Matt Furlong and elevated Ryan Cohen to executive chairman, the latest shake-up at the videogame retailer, which has been struggling to find new ways to juice sales.

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Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved.

Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.