About a year into his tenure at the company, Reggie Fils-Aimé is stepping down from his position on GameStop’s board of directors.
The ex-Nintendo of America president is expected to leave the game/Funko Pop retailer’s ranks in June, according to a recent SEC filing. Fils-Aimé isn’t the only person leaving the board of directors, ex-Walmart CEO William Simon and Petsmart CEO James K. Symancyk are also listed as part of recent turnover within the company.
There have been significant changes to our Board since June 2020 as previously reported in our periodic reports filed with the SEC, and we expect to experience additional changes to our Board at our 2021 Annual Meeting. As of the date of this Form 10-K, the Board has not determined the definitive slate of nominees for election at our 2021 Annual Meeting but currently expects that the following incumbent directors will retire from the Board at the 2021 Annual Meeting: Lizabeth Dunn, Paul Evans, Raul J. Fernandez, Reginald Fils-Aimé, William Simon, James K. Symancyk, Carrie W. Teffner and Kathy P. Vrabeck. See Item 9B. Other Information of this Form 10-K. Turnover among our Board may disrupt our operations, our strategic focus or our ability to drive stockholder value. If we fail to attract and retain new skilled personnel for our Board, our business and growth prospects could disrupt our operations and have a material adverse effect on our operations and business.
Fils-Aimé joined GameStop’s board of directors back in March of 2020, about a year after he left Nintendo, where he had been working as president and COO of the company’s American branch.
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The board of directors isn’t the only place GameStop is seeing shake-ups, as the retailer’s CFO Jim Bell’s resignation goes into effect tomorrow, March 26. Bell’s departure was speculated to have been pushed on after a shareholder dispute. For more on that, check IGN’s write-up on the situation.
GameStop’s been in the news a lot over the past year, a lot of which came from its treatment of its workers in the midst of the coronavirus pandemic. From asking its employees to dance for more hours during the holiday season to trying to pass itself off as an essential business while doing the bare minimum to keep its workers safe.