Reggie Fils-Aimé stepping down from GameStop board of administrators

In line with info from a recent GameStop investor’s meeting that occurred Tuesday, Reggie Fils-Aimé and different members of the corporate will probably be retiring from the board of administrators in June.

Fils-Aimé joined the board of directors for the company in March 2020, alongside William Simon and James “J.Ok.” Symancyk, in a transfer that the corporate hoped would set them up for long-term success. Now, in line with a 10-K form launched by the corporate, Fils-Aimé, Simon, Symancyk, and a handful of others will probably be retiring from the board only a yr later.

It is unclear precisely why the group is stepping down, however GameStop did word that it was not “due to a disagreement with us on any matter referring to our operations, insurance policies or practices.”

The retirements of the trio come after a very tough yr for GameStop, because the COVID-19 pandemic pressured many shops to cease working of their regular means (this was after GameStop revealed it had plans to modify its technique to extra community-focused occasions, as nicely). Most lately, the corporate’s inventory was the goal of Reddit’s r/WallStreetBets and a highly-publicized brief squeeze, which triggered its value to undergo a heavy interval of volatility. Whereas there is not any assure that that is what triggered many to step down, it actually could not have helped, as the way forward for GameStop as an entire continues to look murky.

Apart from GameStop, Fils-Aimé nonetheless holds a place as strategic advisor to the board of administrators of Rogue Video games, a place he accepted in 2020.