GameStop Active on CFO Retirement (GME)

Posted in General 
August 25th, 2009

GameStop Corp. (NYSE: GME) lost its CFO, who was apparently one of the founders of the company.  The good news is that this seems to be a retirement all the way out to March 1, 2010 and a new replacement was already announced.  The company said that David Carlson, GameStop’s founding Executive Vice President and CFO, will retire effective March 1, 2010 and will be replaced by Catherine Smith.  She is joining the firm as Executive Vice President and Chief Financial Officer and recently was employed by Centex.  The stock is down only $0.01 at $22.55, but as of 8:48 AM EST we have already seen more than 40,000 shares trade hands.  That is high for this stock in pre-market trading.  Stay tuned here as many investors do not like to see CFO departures…. -JON OGG

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