GameStop CFO to Resign in Latest Executive Departure From Retailer

GameStop’s chief financial officer is resigning, in the latest of several executive departures from the video game retailer.

CFO Diana Saadeh-Jajeh will resign from her role on Aug. 11, GameStop said in a Thursday (July 27) press release.

Saadeh-Jajeh told GameStop of her intention to resign on July 21, the company said in a Form 8-K filed Thursday with the Securities and Exchange Commission (SEC).

“Ms. Saadeh-Jajeh’s resignation was not because of any disagreement with the company on any matter relating to the company’s operations, policies or practices, including accounting principles and practices,” GameStop said in the filing.

Saadeh-Jajeh joined GameStop in 2020 and has been the company’s CFO since July 2022, according to her LinkedIn profile.

GameStop’s vice president, corporate global controller, Daniel Moore, will be appointed as its principal accounting officer and interim principal financial officer on Aug. 11, the date of Saadeh-Jajeh’s resignation, according to the Form 8-K.

Moore has served in his current position since September 2022, and as vice president, global tax since July 2021, the filing said. Before joining GameStop, he was vice president, tax at Elevate Textiles and director of international tax at Roper Technologies.

In other recent executive changes, GameStop has seen two CEOs leave in just over two years and appointed a new chief operating officer in May 2022, Bloomberg reported Thursday.

The video game retailer has struggled due to gamers making purchases online rather than in physical stores, the report said.

On June 7, GameStop said that its board of directors removed then-CEO Matthew Furlong without cause on June 5.

The board also elected Ryan Cohen — who took a stake in the company in 2020 and was named to its board in 2021 — to the role of executive chairman. Mark Robinson was appointed as the company’s principal executive officer with the title of general manager.

“We believe the combination of these efforts to stabilize and optimize our core business and achieve sustained profitability while also focusing on capital allocation under Mr. Cohen’s leadership will further unlock long-term value creation for our stockholders,” GameStop said at the time.

As PYMNTS reported June 9, those moves were the latest in the video game retailer’s tumultuous journey over the years.