GameStop stated Thursday it had terminated the employment of Chief Monetary Officer Mike Recupero, sending shares of the online game retailer down 8% in prolonged buying and selling.
Recupero’s exit was first reported by Axios, which additionally stated that the corporate was shedding an undisclosed variety of staff, citing a memo.
GameStop, which was on the coronary heart of a meme-stock trading phenomenon in 2021, didn’t reply to a Reuters request for remark.
Shares closed about 15% higher in common buying and selling after the corporate introduced a four-for-one inventory break up late Wednesday.
Recupero, who was beforehand chief monetary officer of Amazon’s North American shopper enterprise, might be changed by Chief Accounting Officer Diana Jajeh.
As a part of its efforts to deal with on-line gross sales, GameStop final 12 months had additionally tapped Amazon Australia’s head, Matt Furlong, as its chief govt officer.
It additionally launched a digital asset pockets in Might to retailer, ship, obtain and use cryptocurrencies and non-fungible tokens.