GameStop’s Cohen to Be Chairman, Cementing Sway; Stock Rises
- Activist investor joined board in January, pushing for revamp
- Kurtis Wolf resigned amicably as chairman, company says
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GameStop Corp. climbed after saying it intends to elect Ryan Cohen as its next chairman, cementing the activist investor’s influence at the video-game retailer.
Kurtis Wolf resigned effective April 5, GameStop said in a filing Thursday. The company said the resignation didn’t result from a disagreement over operations, policies or practices.