Second Executive Departs in Two Months at GameStop – C-Suite Transitions

Just weeks after GameStop (GME) bid adieu to its fifth CEO in five years, we have yet another executive departure. This time it is the CFO that is leaving. For background on recent developments at GameStop including how it became a meme stock darling and the Ryan Cohen connection, check out our last article titled Fifth CEO Exit At GameStop In Five Years – C-Suite Transitions. While not the most profitable short position in the InsideArbitrage model portfolio, GameStop has generated gains of 49.50% in the portfolio.

Welcome to edition 52 of C-Suite Transitions, a weekly series on InsideArbitrage that tracks appointments and departures at publicly traded companies during the prior week. We highlight five appointments and departures each week by picking the largest companies from the full list of management changes.

Sudden Departures

1. MAT: On July 21, 2023, Mattel’s President and Chief Operating Officer, Richard Dickson, informed the company that he will step down from his position effective August 3, 2023, to take the role of President and Chief Executive Officer at another public company.
2. GME: On July 21, 2023, GameStop’s Chief Financial Officer Diana Saadeh-Jajeh informed the company that she will resign effective August 11, 2023.
3. WBA: On July 21, 2023,  Walgreens Boots Alliance’s Global Chief Financial Officer  James Kehoe informed of his decision to resign from his position effective on July 27, 2023, in order to pursue a new opportunity.

GameStop (GME): $21.50

Executive Departure

Following the recent termination of Matthew Furlong’s employment with the company as its President and Chief Executive Officer, GameStop in an SEC filing mentioned:

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