In This Article:
GameStop's new chairman Ryan Cohen (aka Chewy's founder) is betting a big chunk of his wealth on disciples of outgoing Amazon CEO Jeff Bezos' unrelenting, take no prisoners in the pursuit of winning culture being able to completely revamp the struggling gaming retailer.
A supportive and enthusiastic retail investor base gathered in-person at the GameStop's Grapevine, Tex., headquarters and on social media fixated on the company's annual shareholder meeting Wednesday. At the meeting GameStop announced that Matt Furlong will be the company's next CEO, effective June 21.
According to his LinkedIn profile, Furlong has spent eight years and eight months at tech beast Amazon. He joined in October 2012 from Procter & Gamble as a senior manager of vendor development. Furlong has spent the last two years leading Amazon's Australian business.
Serving as Robin to Furlong's Batman, Mike Recupero was announced as the company's next CFO. Recupero begins at GameStop on July 21. Where did Recupero get recruited from? You guessed it, Amazon.
Recupero has spent the last 17 years with Amazon, rising the ranks through the e-commerce giant's finance functions, per his LinkedIn profile. Most recently, Recupero held the CFO position of Amazon's North America consumer business.
The latest Amazon defectors will join several others recruited by GameStop from the tenure of Jeff Bezos' CEO rule (which ends July 5).
-
Elliott Wilke: Wilke started as GameStop's chief growth officer on April 5. Wilke spent eight years at Amazon, ending his stint at the company as a director of Amazon Fresh stores. At GameStop, Wilke is focused on growth strategies, improving the chain's loyalty program and marketing.
-
Jenna Owens: Owens began as GameStop's chief operating officer on March 29. Owens logged over four years at Amazon, ending as director, general manager, distribution and multi-channel fulfillment. At GameStop, Owens oversees business intelligence, fulfillment, supply chain, and store operations. Her LinkedIn profile says she is hiring at GameStop. We wouldn't be surprised if some of those hires come from her former employer.
-
Matt Francis: Francis became GameStop's chief technology officer on Feb. 15. He had the shortest stint at Amazon among GameStop's new leaders, leaving as an engineering leader for Amazon Web Services after a year to join GameStop. Francis now oversees GameStop's e-commerce and tech functions.
Essentially, Cohen — who no doubt knows Amazon well having battled them hard while launching pet products seller Chewy in 2011 — has packed the GameStop executive ranks with deep experience from the best retailer on Earth. Not a bad move, especially considering they all likely know each other (camaraderie is important on an executive team) and are cut from the same Bezos leadership cloth (and frankly, surviving Amazon's intense culture for a number of years earns each executive a gold star in this writer's book).