GameStop CEO Steps Down

GameStop CEO Resigns Co Founder Daniel De Matteo To Assume Interim Duties

Michael Mauler is out as CEO of GameStop after just three months on the job, the video game retailer announced Friday. GameStop cited "personal reasons" for his departure and didn't elaborate on what those reasons might be.

GameStop co-founder Daniel A. DeMatteo has been appointed interim CEO, " the firm claimed. Mauler had just been appointed to the position in February after the late J. Paul Raines stepped down past year due to health reasons.

DeMatteo in a prepared statement said that given his tenure and his familiarity with the business and its associates, it is only natural for him to fill this role and guide the company during this period while the board searches for a new permanent CEO. I'm happy to have Rob Lloyd, our CFO, and his 22 years of experience with GameStop alongside me as we work towards executing against our 2018 objectives. He also served on its Board of Directors.

More news: Los Angeles Angels vs. Minnesota Twins

It's a little weird that it's happened so abruptly, but there's been an interim CEO appointed in his place. It was then in February when Raines made it clear that he would be unable to return at all, that DeMatteo stepped down and Mauler took his place.

The company, which is the biggest independent video games retailer, has been struggling in its attempt in adding to a world in which software is delivered often time online.

Shares of GameStop are inactive in the premarket session.

Related News:

  • MJ Gleeson plc (LON:GLE) Rating Changes as of May 11, 2018

    SXS is reaching GBX 2819 during the last trading session, after increased 0.43%.Spectris plc has volume of 41,156 shares. On Thursday, March 8 Barclays Capital maintained the shares of OPHR in report with "Equal Weight" rating.
    Dern misses weight by seven pounds, fight with Cooper still on

    Dern misses weight by seven pounds, fight with Cooper still on

    She had one fight at flyweight before signing with the UFC and returning to strawweight. After agreeing to take the fight, Cooper tweeted her displeasure with her opponent.
    AT&T CEO calls hiring of Michael Cohen a

    AT&T CEO calls hiring of Michael Cohen a "big mistake"

    AT&T also said, "we didn't ask him to set up any meetings for us with anyone in the administration and he didn't offer to do so". AT&T paid Cohen, President Trump's personal lawyer and fixer, $600,000 through a contract that ended in December 2017.
  • Moscow says it won't supply advanced air defenses to Syria

    Moscow says it won't supply advanced air defenses to Syria

    Syrian air-defense systems managed to intercept more than half of the missiles. Israel has carried out scores of air strikes against suspected shipments.
    Palin Lauds McCain: 'Lot of Respect For His Maverick Nature'

    Palin Lauds McCain: 'Lot of Respect For His Maverick Nature'

    And I certainly appreciate that and many other aspects that I see-characteristics that I appreciate in Sen. Asked whether McCain's revelation hurt, she said, "Well, I don't lie, so I'll tell you, a bit".
    Hawaii volcano could blow its top soon, hurl rocks and ash

    Hawaii volcano could blow its top soon, hurl rocks and ash

    As that magma flows from the chamber and out of the fissures on the volcano's flanks, the lava level in the center crater falls. According to a USGS statement released nearly two hours after, the explosion was caused by a rock falling into the lava lake.
  • Moto Z3 Play render reveals device in Deep Indigo shades

    Moto Z3 Play render reveals device in Deep Indigo shades

    What we also notice in the leak is a new Indigo colour variant being revealed, which would make the Moto Z3 Play stand out. Having already been arrived by FCC in the U.S. , the Moto Z3 Play seems like just days away from a launch.
    Adele? Sir Mick? U2? Who tops musician rich list?

    Adele? Sir Mick? U2? Who tops musician rich list?

    Sir Paul's £40 million rise in net wealth is split equally between revenue from the Beatles' songs and income from a 37-date tour. That, however, includes the assets of his wife, Nancy Shevell , who is the heiress to a huge trucking business.
    Oklahoma gov vetoes bill allowing adults to carry guns without a permit

    Oklahoma gov vetoes bill allowing adults to carry guns without a permit

    However Fallin's motion drew help from Oklahoma's Catholic bishops. "We hope that other governors, most immediately Kansas Gov. Governor Fallin released a statement saying she believe the firearms laws that Oklahoma now has are effective and appropriate.
  • Warcraft DDoS hacker sentenced to one year in prison

    Warcraft DDoS hacker sentenced to one year in prison

    The case was prosecuted by Assistant United States Attorney Khaldoun Shobaki of the Cyber & Intellectual Property Crimes Section. After such disputes, he would go offline and execute a DDoS attack on the server to crash it so nobody else could play.
    Cannes 2018: Deepika Padukone's fluffy gown or Kangana Ranaut's embellished catsuit?

    Cannes 2018: Deepika Padukone's fluffy gown or Kangana Ranaut's embellished catsuit?

    Deepika wore the Le Stylo Smoky Shadow in Royal Graphite along with a nude Matte lipstick shade by L'Oreal. Plunging necklines and exaggerated sleeves seem to be Deepika's thing - and we've got to say we love it.
    Aurangabad clashes: Section 144 imposed after 1 killed, 10 cops injured

    Aurangabad clashes: Section 144 imposed after 1 killed, 10 cops injured

    Reportedly, the clashes between the groups took place after the illegal water connection to a religious place was disconnected. At present, a large number of security forces are deployed in the city and stress situation remains.


Most liked

NRA sues Cuomo over what it calls blacklisting campaign
"I am proud of my "F" rating from the NRA, and I will continue to do everything I can to keep New Yorkers safe". On May 2, Lockton Cos. "The Department will not stand down from its mandate to enforce NY law".

Zidane sidesteps talk of Neymar Real move
Only a goal-line intervention by Blancos defender Jesus Vallejo stopped Miguel Layun from making it 2-0 in the 42nd minute. The respite was only temporary, however, as the Mexican came back to score in the final seconds of the first half.

Factory output growth slips to five-month low
The electricity generation output rose at moderated pace of 5.3% and mining output growth eased to 2.3% in April-March FY2018. An interesting takeaway is that the monthly pattern is broadly reflective of the full year production.

UN nuclear watchdog's chief inspector resigns: agency
USA officials have said that despite the US's withdrawal from the Iran accord, they want the IAEA's inspections in Iran to continue.

U.S. fighter jets intercept Russian bombers in Alaska
The Russian aircraft were monitored by the F-22s until the bombers left the ADIZ along the Aleutian Islands. The final time Russian bombers flew as near Alaska was Could 3, 2017, officers advised Fox Information.

Iran's Supreme Leader posts Instagram pic reading 'Fire and Fury'
Six Iranians and three companies were targeted in the first wave of USA penalties since Mr Trump announced on Tuesday that... According to The Washington Post , Khamenei also talked about the letter during a speech at Farhangian University in Tehran.

Calls for restraint after Israeli raids on 'Iranians' in Syria
Iran has advisers and experts and has backed tens of thousands of militiamen who are fighting alongside Assad's forces in the civil war.

Oral antibiotic use may increase risk of developing kidney stones, shows study
They found that five classes of oral antibiotics were associated with a diagnosis of kidney stone disease. Antibiotics, prescribed more often in children, may play a role in this increase.

ED attaches assets worth over Rs 20 crore of Chhagan Bhujbal, others
Bhujbal met Pawar at the latter's silver oak bungalow and it is being speculated that there was a political discussion among them. As per doctors' advise, he will again have to be admitted for treatment and surgery, the former deputy chief minister's son said.

Iran Nuclear Deal: US Reimposing Sanctions Threatens War In Middle East
In 1982 Israel invades the Lebanese capital Beirut to put an end to attacks from Palestinian groups based there. In response to the raids, Moscow, which also supports Assad, called on both Israel and Iran to show restraint.

INDIANA PRIMARY ELECTIONS: Voters head to the polls
Trump spent about $65 million of his own funds during his campaign. "They don't stick up for the Christians", Faulkner said. Joe Donnelly in a state where Trump won by 19 percentage points in the fall - and where Trump is set to visit Thursday.

AT&T chief says hiring Cohen was 'a big mistake'
Stephenson acknowledged that the company's reputation had been damaged when the payments to Cohen came to light. A Justice Department spokeswoman did not immediately respond to a request for comment.

Stanley Cup Playoffs 2018: Conference Finals Predictions
Lightning coach Jon Cooper said earlier in the week the Lightning can not make a habit of losing Game 1 of the series. The Washington Capitals organization began play during the 1974-75 season and has never hoisted the Stanley Cup.

At meeting with automakers, Trump launches new attack on NAFTA
But they do not want the administration to freeze the standards, with no future increases. "We'll see if we can make it reasonable".

More pressure seen on Airbus than Boeing from US Iran deal exit
It's also possible that nixing the deal pushes up oil prices, padding coffers in countries like Saudi Arabia, Qatar and Kuwait. The company had signed a deal to sell 100 jets, worth more than $20 billion, to Iran Air, the main state airline.