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Report: GameStop CFO Bell was forced to resign

Report: GameStop CFO Bell was forced to resign

A new report claims that GameStop chief financial officer Jim Bell was forced to resign from the company.

That's according to Business Insider, which claims that the exec was ousted as part of a push by activist investor Ryan Cohen. Apparently, GameStop's board "lost faith" in Bell following a letter sent by Cohen criticising the company's executive team.

"Through our private conversations, we have explained to Mr. Sherman and the Board that GameStop has the ability to pivot toward becoming a technology-driven business that excels in the gaming and digital experience worlds," Cohen said in his letter to investors.

"But this pivot requires the type of strategic vision that has not yet taken hold in the c-suite or boardroom."

He continued: "GameStop needs to evolve into a technology company that delights gamers and delivers exceptional digital experiences, not remain a video game retailer that overprioritizes its brick-and-mortar footprint and stumbles around the online ecosystem."

GameStop announced earlier this week that Bell was resigning from the company. This follows a rather dramatic period for the firm's stock at the start of 2021.


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PCGamesInsider Contributing Editor

Alex Calvin is a freelance journalist who writes about the business of games. He started out at UK trade paper MCV in 2013 and left as deputy editor over three years later. In June 2017, he joined Steel Media as the editor for new site PCGamesInsider.biz. In October 2019 he left this full-time position at the company but still contributes to the site on a daily basis. He has also written for GamesIndustry.biz, VGC, Games London, The Observer/Guardian and Esquire UK.

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