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GameStop names new CEO

GameStop Corp. named a company veteran as its new chief executive.

The retailer appointed Michael K. Mauler as CEO, effective immediately. Mauler, who has been with the company for more than 16 years, previously served as executive VP and president of international, which consists of nearly 2,000 stores operating under the GameStop, EB Games, Micromania and Zing Pop Culture brands.

Mauler succeeds Paul Raines, who resigned from all duties at the company last week in order to focus on his health and family, according to reports. Raines had temporary stepped down as CEO in November to deal with the reoccurrence of a brain tumor. He was replaced on an interim basis by board member and GameStop co-founder Daniel A. DeMatteo, who previously served as CEO from August 2008 to June 2010.

“Mike has been part of the GameStop senior leadership team for many years, where he has played an integral role in creating and driving the blueprint of our diversification strategy, successfully managing our international operations, and growing our core business segments,” said DeMatteo. “We are fortunate to have such an accomplished leader, who has a thorough understanding of our operations, business strategy and our stakeholders, and is committed to strengthening our results and driving our company forward.”

Raines, who also resigned from the board of J.C. Penney last week, was named chief executive of GameStop in 2010. He had a cancerous tumor removed from his brain in 2014.
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