GameStop restructures management team

GRAPEVINE, Texas The board of directors for GameStop approved a reorganization of the senior management structure.

Richard Fontaine, GameStop’s chairman and ceo since the company’s inception in 1996, will concentrate his focus on international operations, acquisition opportunities and strategic development as executive chairman. He will relinquish his ceo role to Daniel DeMatteo, 60, who has been the coo since 1996 and vice chairman and coo since 2004.

In addition, Paul Raines, the former evp of U.S. Stores for Home Depot, will become the company’s new coo, effective Sept. 7.

“These moves are a natural evolution of our growth and potential, and I am excited about this opportunity,” indicated DeMatteo. “We are also extremely pleased to have Paul Raines join our executive team as coo. He brings a wealth of retail operations expertise and has an impressive track-record with executing strategies to support the customer experience and drive positive results. We’re fortunate to have such a high caliber retail executive join GameStop.”