GameStop CEO Abruptly Steps Down After Three Months on Job
- Company’s 70-year-old co-founder will take the helm for now
- The move brings fresh upheaval to ailing video-game retailer
Inside a GameStop Corp. store in Kentucky, U.S.
Photographer: Luke Sharrett/BloombergThis article is for subscribers only.
GameStop Corp. Chief Executive Officer Michael Mauler abruptly stepped down after just three months on the job, bringing fresh upheaval to a retailer that’s struggling to revive growth.
The board appointed Daniel DeMatteo, GameStop’s 70-year-old co-founder, to run the business while it searches for a new leader. Mauler resigned for personal reasons, the company said, and he isn’t entitled to severance or other separation benefits.