GameStop nominates Ryan Cohen as chairman

Thursday, 08. April 2021 13:32

GameStop Corp. intends to elect co-founder and former CEO of Chewy Ryan Cohen as chairman of its Board of Directors, according to the official press release published on Thursday.

Cohen is one of six individuals to be nominated to a position on GameStop's Board of Directors. Other nominees include co-founder and managing partner of Volition Capital Larry Cheng and senior vice president of Global Finance and Treasury at The Kraft Heinz Company, Yang Xu.

Cohen acquired a 10% stake in GameStop in September 2020, which increased to 12.9% in December. Since then, he has been involved in the company's dealings, including a position as an executive on the company's committee for Strategic Planning and Capital Allocation formed in March.

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