shot up by 90% Wednesday afternoon following news on Tuesday that Jim Bell, the retailer’s chief financial officer, is resigning.
Bell will resign from GameStop on March 26, the company said in a release. Diana Jajeh, GameStop’s current senior vice president, will serve as interim CFO while it searches for a permanent replacement.
Bell didn’t leave the company willingly, according to Business Insider. Bell was reportedly pushed out by the board over a lack of faith and an initiative to reshape the company by Ryan Cohen, co-founder of Chewy, who made a large investment in the video game retailer last year.
More info to come.