GameStop fires its CEO

GameStop has fired CEO Matt Furlong, the company announced as part of its first quarter 2023 earnings on Wednesday. There’s no immediate replacement, though board chairman Ryan Cohen has been appointed executive chairman, the company said in a short press release about Furlong’s firing.

GameStop has also made Mark Robinson the company’s new “principal executive officer” with a title of general manager, according to a form 10-Q from the company. Robinson has been at GameStop for nearly eight years, according to his LinkedIn, and he most recently served as the company’s general counsel.

GameStop canceled its earnings call today.