The Texas-based firm didn’t specify why Owens was leaving. The submitting stated each events entered a separation settlement which went into impact on October 25.
Owens couldn’t be reached. GameStop didn’t reply to a request for remark from CNN Enterprise.
GameStop, a online game and shopper electronics retailer, caught everybody’s consideration early this 12 months when beginner traders on Reddit targeted the “meme stock,” sending its shares hovering. On the time, GameStop was being “shorted” by hedge funds — they have been promoting borrowed shares with the hope the worth would drop — however the Reddit merchants fueled a “brief squeeze,” which happens when short-sellers must repurchase the shares they borrowed as a result of the inventory value is rising.
The corporate’s share value rose approximately 2,700 from its intraday low on January 8 to its intraday excessive on January 28, adopted by a lower of over 86% from that day to early February, based on a Securities and Exchange Commission report revealed in October.
The corporate has since employed a number of folks for key administration positions in an effort to remodel itself into an e-commerce retailer. Chewy.com founder Ryan Cohen was confirmed as chairman of the corporate’s board in June, and later that month the corporate introduced the hiring of two former Amazon executives, Matt Furlong as CEO and Mike Recupero as CFO.
GameStop (GME) has stated it desires to transition from a struggling brick-and-mortar online game retailer into an e-commerce powerhouse.
Owens is a former govt of Amazon and Google. She couldn’t be reached for remark.
The submitting stated her duties could be absorbed by different executives on the firm, including Owens is entitled to severance advantages, together with six months base pay and the remaining portion of her signing bonus.
GameStop closed at $183.51 per share on Friday. In January, it reached a excessive of $347 per share.
CNN’s Clare Duffy contributed to this report.
