GameStop taps Amazon veterans as CEO, CFO in executive overhaul

GameStop (GME) announced Wednesday that it appointed two Amazon veterans to serve as the company’s new chief executive officer and chief financial officer, in the latest C-Suite shakeup for retailer. The news was released a few minutes before its first quarter results, which topped analysts’ estimates

The company said it tapped Matt Furlong as CEO, effective June 21. Most recently, Furlong was a Country Leader for Amazon’s Australia business, and was previously a technical advisor to the head of Amazon’s North American consumer business. 

GameStop is also bringing on Mike Recupero as CFO beginning July 12. Like Furlong, Recupero also has a multi-year history at Amazon, and most recently served as chief financial officer of the e-commerce giant’s North American consumer business.

“These appointments reflect the refreshed Board’s focus on building a technology company and investing in growth,” the company said in a statement. 

The announcements Wednesday afternoon added to a slew of recent personnel changes at the video game retailer. GameStop has also recently overhauled its board, with Ryan Cohen, co-founder of the e-commerce platform Chewy, voted in as GameStop’s new chair of the board earlier Wednesday morning. 

The appointments also represent the latest in a string of key hires pulled from Amazon, underscoring GameStop’s increased ambitions in e-commerce. In March, the company brought on another ex-Amazon director, Jenna Owens, as chief operating officer. And in February, GameStop brought on Matt Francis, former engineering leader at Amazon Web Services, as its first-ever chief technology officer. 

For GameStop’s fiscal first quarter, sales grew by a better-than-expected 25% to $1.28 billion. Losses narrowed to 45 cents per share, excluding some items, compared to losses of $1.61 per share during the same period last year. 

This post is breaking. Check back for updates.

Emily McCormick is a reporter for Yahoo Finance. Follow her on Twitter: @emily_mcck

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