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GameStop CEO to depart in continuing leadership shakeup

USATODAY - Tech Top Stories

The overhaul in the top ranks of GameStop continues with the announced departure of CEO George Sherman at the end of July. Company shares rose more than 8% before the opening bell Monday. Less than two weeks ago, the Grapevine, Texas, company announced the nomination of Chewy founder Ryan Cohen as chairman of the board, a major investor in the floundering video game retailer. Cohen had been buying huge stakes in the company and pushing for a digital transformation. GameStop has suffered as more gamers turn to digital downloads rather than the discs the chain sells on its shelves.