The company also recently added its first-ever chief technology officer, a new chief operating officer, a new senior vice president of e-commerce and several other executive roles.
“The Company is continuing to actively pursue senior talent with gaming, retail and technology experience,” the company said in a press release Wednesday.
In addition to the major leadership announcement, GameStop posted mixed earnings results for the three months ended May 1.
Quarterly revenue increased 25% year-over-year to nearly $1.28 billion, beating the $1.16 billion Wall Street analysts had projected. But the company posted a steeper-than-expected net loss of $66.8 million, or $1.01 per diluted share.
GameStop’s stock tumbled more than 9% in after-hours trading Wednesday. However, that comes after a month when the company’s stock has climbed more than 110% as “meme” stocks again gain attention from investors.