Exclusive: GameStop initiates search for new CEO – sources

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(Reuters) – GameStop Corp (NYSE:GME) is looking for a new chief executive to replace George Sherman as it pivots from being a brick-and-mortar video game retailer to an e-commerce firm, three people familiar with the matter said on Monday.

It would be the biggest shakeup at GameStop since Ryan Cohen, the co-founder and former chief executive of online pet food company Chewy (NYSE:CHWY) Inc, joined its board in January.

GameStop’s board is working with an executive headhunter on the CEO search, the sources said, requesting anonymity because the matter is confidential.

A GameStop spokesman declined to comment.

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