GameStop is an American video game, consumer electronics, and gaming merchandise retailer. The company is headquartered in Grapevine, Texas, United States. It aligns with Ryan Cohen of RC Ventures on the Immediate Appointment of Three New Directors with Significant E-Commerce and Technology Experience.
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HomeeCommerce NewsAdditional Board Refreshments by GameStop, incorporating new skillset

Additional Board Refreshments by GameStop, incorporating new skillset

GameStop Corp., an American video game retailer, headquartered in Grapevine Texas (U.S) made an announcement that it has just recently got into an agreement with RC Ventures LLC ( “RC Ventures”) that will advance the refreshment of the Company’s Board of Directors (the “Board”). RC Ventures, which is one of the Company’s largest stockholders, is managed by Ryan Cohen. The agreement calls for the immediate appointment of three new directors- Alan Attal, Ryan Cohen, and Jim Grube. They will stand for election on GameStop’s nine-member slate at the Company’s 2021 Annual Meeting of Stockholders (the “Annual Meeting”), which is expected to take place in June 2021.  They are appointing the Chewy.com founder and two other e-commerce veterans to its board as the ailing videogame retailer doubles down on digital sales.

The appointment of these 3 new directors is expected to bring deep expertise in e-commerce collectively, online marketing, finance, and also strategic planning to GameStop. These skill sets will enable the company to provide support to their priority of optimizing core operations and also creating a powerful and exciting ecosystem for games and entertainment.

GameStop’s Board of Directors will expand from 10 members to 13 members, being effective immediately. Lizabeth Dunn, Raul Fernandez, James K. Symancyk, and Kathy Vrabeck have each informed the Board that they do not intend to stand for re-election at the Annual Meeting. As such, the Board will be reduced to nine members following the Annual Meeting. The Company’s anticipated slate of director nominees for the Annual Meeting includes the following nine individuals: Alan Attal, Ryan Cohen, Paul Evans, Reginald Fils-Aimé, Jim Grube, George Sherman, William Simon, Carrie Teffner, and Kurt Wolf.

Mr. Cohen stated, “We are excited to bring our customer-obsessed mindset and technology experience to GameStop and its strategic assets. We believe the Company can enhance stockholder value by expanding the ways in which it delights customers and by becoming the ultimate destination for gamers. Alan, Jim, and I are committed to working alongside our fellow directors and the management team to continue to transform GameStop. In addition, we intend to bring additional ownership perspectives to the boardroom.”

Sanna Sharma
Author: Sanna Sharma

Sanna Sharma is an emerging freelance content writer, specializing in content relating to e-commerce news. She is working with Ecommercenext.org currently. It is a platform that provides the latest e-commerce news, events, blogs, webinars, reviews, job postings, and analysis from around the world. She is a keen individual with competitive writing abilities and is always working on herself to become a better her.

Author

Sanna Sharma is an emerging freelance content writer, specializing in content relating to e-commerce news. She is working with Ecommercenext.org currently. It is a platform that provides the latest e-commerce news, events, blogs, webinars, reviews, job postings, and analysis from around the world. She is a keen individual with competitive writing abilities and is always working on herself to become a better her.