GameStop Axes CEO Matt Furlong and Promotes Ryan Cohen to Executive Chairman

According to Decrpyt, GameStop CEO Matt Furlong has been terminated, according to a statement released by the company today. Furlong oversaw the long-running retailer’s expansion into NFT collectibles via a marketplace for digital assets.

No replacement has been named yet, but the company has named billionaire investor and board chairman Ryan Cohen as its executive chairman. Cohen is the founder and former CEO of pet supplies online shop Chewy.

Mark Robinson—previously GameStop’s general counsel—has been named the company’s general manager and “principal executive officer,” per a 10-Q filing with the U.S. Securities and Exchange Commission.

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