GameStop extends CEO DeMatteo’s contract

Dallas GameStop Corp. has extended the contract of CEO Daniel DeMatteo to March 3, 2013.

DeMatteo’s contract was set to expire on April 10, 2011. The amended contract guarantees a base annual salary of no less than his current $1.25 million per year.

In addition, GameStop Corp. said that executive chairman Richard Fontaine will remain in this role through March 26, 2011, pulling in an annual salary of $1.2 million.

From March 27, 2011 through March 3, 2013, he'll tack on the additional role of chairman international, for which he will earn an extra $600,000. Fontaine's employment with the company will end on March 3, 2013.