(Reuters) – GameStop has announced that Ryan Cohen will now serve as its new CEO and chairman, granting the billionaire activist investor additional authority to lead the turnaround of the struggling video game retailer.
In his new positions, Cohen will be stepping down from his role as executive chairman, which he assumed following the removal of former CEO Matt Furlong in June.
The news of Cohen’s appointment has resulted in a 6% surge in GameStop’s stock during premarket trading.
Aditya Soni reporting from Bengaluru, Editing by Arun Koyyur.
Credit: The Star : Tech Feed
