GameStop has announced that CEO George Sherman will be leaving his role effective July 31st. The stock price soared 6.26 percent as of market close on the heels of the news.

Notable Quotes: “I am very proud of what we have accomplished at GameStop over the past two years, including during the difficult COVID-19 pandemic. It has been a privilege to lead so many dedicated, talented individuals, who collectively possess tremendous passion for the gaming industry. We have helped bring stability and strength to the business, including by de-densifying our store footprint, reducing costs and debt, and driving e-commerce growth.” – George Sherman