Bloomberg
GameStop Corp shares rose after the company named Elliott Wilke as chief growth officer, the latest in a string of senior executive appointments, and part of a corporate overhaul by activist investor and board member Ryan Cohen.
In addition to Wilke, the video-game retailer also named Andrea Wolfe as vice president of brand development and Tom Petersen as vice president of merchandising to help implement Cohen’s strategy of turning the brick-and-mortar chain into an e-commerce powerhouse. Wilke joins from Amazon.com, where he spent the past seven years, and will start on April 5, while Wolfe and Petersen were previously at Chewy Inc and joined the company effective last week.
The move makes it appear that Cohen is acting as chief executive officer, Wedbush analyst Michael Pachter said by email. “It is impossible to believe that George [Sherman] would have made these decisions without prompting from Cohen.â€
Prior to the latest appointments, Cohen had brought in a number of new executives, including a chief technology officer and Chewy’s former vice president of customer care. GameStop’s chief financial officer was pushed out last month as part of the revamp, and was followed last week by another senior executive.