Selloff or Market Correction? Either Way, Here's What to Do NextSee Overvalued Stocks

GameStop CFO Announces Resignation After 1 Year: What Investors Need To Know

Published 27/07/2023, 21:48
GameStop CFO Announces Resignation After 1 Year: What Investors Need To Know

Benzinga - GameStop Corp. (NYSE:GME) said Thursday that Chief Financial Officer Diana Saadeh-Jajeh is leaving her role effective Aug. 11 at the company, a retail trader favorite.

Saadeh-Jajeh’s departure comes after serving as CFO since July 2022. Prior to her role as CFO, she held the position of senior vice president and chief accounting officer at GameStop.

GameStop said in a filing that Saadeh-Jajeh’s departure is not due to any disagreements with the company regarding its operations, policies or practices, including accounting matters.

GameStop said it is appointing Daniel Moore as its principal accounting officer and interim principal financial officer, effective from the same date.

Shares of Gamestop closed 2.1% lower on Friday, but remain 19% higher year-to-date. The gaming retailer is trading over 80% below its all-time highs reached during the meme stock bubble in January 2021.

Chart: GME Price Action Since 2021

Read now: Ryan Cohen Mourns Loss Of His Beloved Poodle Who Inspired Pet Supplies Store Chewy

Photo via Shutterstock.

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.