The company announced the establishment of a new strategic planning committee “to identify initiatives that can further accelerate the company’s transformation.”.
Gamestop announced earlier that Cohen would chair a special committee set up by the Gamestop board to help Gamestop transform. In addition, board members Alan attal (former chief operating officer of chewy) and Kurt wolf will join the Committee.
In addition, the board appointed a chief technology officer, hired two senior executives to lead customer service and e-commerce performance, and started looking for a new CFO with technical or e-commerce experience.
In January 2021, the company’s stock price soared 25 times, and its valuation soared $30 billion. Then it fell 30% on February 1 and 60% on Tuesday, and its market value evaporated more than $27 billion from the peak level, which became a hot capital market event in the world.