GameStop CEO steps down due to illness
GameStop has tapped a company veteran to serve as interim chief executive.
GameStop Corp. on Tuesday announced it has named executive chairman Daniel DeMatteo as interim CEO. He replaces J. Paul Raines, who is seeking medical treatment after a reoccurrence of a previously disclosed illness. Raines, who was named chief executive of GameStop in 2010, had a cancerous tumor removed from his brain in 2014.
DeMatteo, one of GameStop's co-founders, will continue to serve as executive chairman and director. He has served as the company’s CEO and in a variety of other executive and board roles since 1996.
"We continue to send our best wishes and strong support to Paul and his family,” DeMatteo said. “The board of directors has tremendous confidence in GameStop’s executives and the management team’s ability to effectively run the business with the board’s support.”
GameStop Corp. on Tuesday announced it has named executive chairman Daniel DeMatteo as interim CEO. He replaces J. Paul Raines, who is seeking medical treatment after a reoccurrence of a previously disclosed illness. Raines, who was named chief executive of GameStop in 2010, had a cancerous tumor removed from his brain in 2014.
DeMatteo, one of GameStop's co-founders, will continue to serve as executive chairman and director. He has served as the company’s CEO and in a variety of other executive and board roles since 1996.
"We continue to send our best wishes and strong support to Paul and his family,” DeMatteo said. “The board of directors has tremendous confidence in GameStop’s executives and the management team’s ability to effectively run the business with the board’s support.”