GameStop CEO George Sherman is stepping down, sending the stock soaring
CNN
It's game over for GameStop CEO George Sherman. The video game retailer and meme stock announced Monday that Sherman will be stepping down on July 31 -- or earlier if a successor is found.
The news is not a major surprise given that Ryan Cohen, the co-founder and former CEO of online pet supplies retailer Chewy (CHWY), have been cementing his control over GameStop. Cohen, whose RC Ventures firm owns a nearly 13% stake in the company, will become GameStop (GME) chairman following its next shareholder meeting in early June.
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