GameStop fires its CEO

GameStop has fired CEO Matt Furlong, the company announced as part of its first quarter 2023 earnings on Wednesday. There’s no immediate replacement, though board chairman Ryan Cohen has been appointed executive chairman, the company said in a short press release about Furlong’s firing.

Furlong joined GameStop after eight years at Amazon; before he left Amazon, he was the leader of the company’s Australia business. As noted at Furlong’s hiring by Reuters, Cohen also brought in Amazon execs to the roles of chief financial officer, chief operations officer, chief technology officer, and chief growth officer. None of those execs are at the company any longer. Former CFO Michael Recupero was fired in July, former COO Jenna Owens left after just seven months in the role, former CTO Matt Francis left in April, and former chief growth officer Elliott Wilke left in September.

GameStop has also made Mark Robinson the company’s new “principal executive officer” with a title of general manager, according to a form 10-Q from the company. Robinson has been at GameStop for nearly eight years, according to his LinkedIn, and he most recently served as the company’s general counsel.

GameStop canceled its earnings call today.

Correction June 7th, 5:46PM ET: An earlier version of this story incorrectly referred to November layoffs; those layoffs actually took place in July. We regret the error.