GameStop made an announcement on Friday that their CEO, Michael Mauler, has effectively resigned from the company after only three months. The board of directors has named GameStop co-founder Daniel DeMatteo as the interim CEO until a more permanent decision is made. The resignation was due to personal reasons; however, they didn’t state just what those personal reasons were.
The company released a statement about Mauler’s resignation.
GameStop Corp. (NYSE:GME), today announced that the company’s Board of Directors has appointed Daniel A. DeMatteo as interim chief executive officer following the resignation of Michael K. Mauler for personal reasons, effective immediately. Mr. DeMatteo, one of the company’s co-founders, will continue to serve as executive chairman and director. In the past, Mr. DeMatteo has served as the company’s chief executive officer and in a variety of board and executive roles since November 1996.
Mr. DeMatteo stated, “Given my tenure and familiarity with the company and our associates, it’s a natural step for me to assume this role and guide the business at this time while the board searches for a permanent CEO. I’m happy to have Rob Lloyd, our CFO, and his 22 years of experience with GameStop alongside me as we work towards executing against our 2018 objectives. We continue to believe in GameStop and the many passionate associates that drive our business and are encouraged by the opportunities ahead of us.”
Robert A. Lloyd has been with GameStop since 1996 and has held various financial and leadership roles of increasing responsibility prior to being named chief financial officer in 2010.