Moves: GameStop COO Out After 7 Months On The Job
GameStop (NYSE: GME), the electronics retail company that’s hysteric in retail-trading circles, has a major leadership change. Its Chief Operating Officer (COO) has departed after less than a year on the job for unclear reasons.
- GameStop’s COO, Jenna Owens, has departed the company after just seven months on the job, according to a recent SEC filing. Such abrupt departure is unusual for a high-level position like hers.
- Owens was hired seven months ago to help spearhead GameStop’s vision of transforming from a brick-and-mortar retailer into an e-commerce powerhouse. She was recruited from e-commerce giant Amazon where she was an executive, by Ryan Cohen, an e-commerce veteran and GameStop investor who’s the architect of the company’s e-commerce push. Cohen became GameStop’s Chairman this June.
- In its SEC filing, GameStop said Owens’s duty has been absorbed by other members of its management team. She’s entitled to six months of base pay and the remaining portion of her signing bonus as severance.
- All in, it seems Owens wasn’t on board with GameStop’s recent initiatives and left peacefully. Her departure doesn’t seem like a cause for alarm.