Reggie Fils-Aime will soon be a part of GameStop.
GameStop has announced that Reggie Fils-Aime will be joining the company on April 20th, and will serve on the board of directors. The announcement was made in a press release from the video game retailer. Fils-Aime will be joined by William "Bill" Simon, who has worked with Walmart and PespiCo, and James "J.K." Symancyk who is the current president and chief executive at PetSmart. Simon and Symancyk will take their seats on GameStop's board of directors immediately.
"The Board refreshment and governance enhancements announced today represent an important milestone in GameStop's transformation as we continue to evolve the Company's business strategy for long-term success," stated George Sherman, GameStop's CEO. "We are pleased to welcome Reggie, Bill and J.K. to the Board. They are each highly qualified and bring significant relevant experience to our turnaround. We look forward to immediately benefiting from their expertise and perspectives as we navigate the evolving gaming and retail environments, execute on our strategic initiatives and prepare the Company to maximize value - creation associated with the next generation of console launches later this year."
The announcement from GameStop that Fils-Aime, Simon, and Symancyk all come with the news that four other board members are leaving the company. Dan DeMatteo, Gerald Szczepanski, Larry Zilavy, and Steve Koonin will be stepping away from the board of directors in June.
The news that Fils-Aime is joining GameStop comes at a rough time for the company. In January, it was revealed that sales for the most recent quarter were down 25% from the year previous period. The company also saw layoffs late last month.
Fils-Aime had made a reputation in the gaming industry while working for Nintendo. He had joined the company in 2003 as executive vice president of sales and marketing. Nintendo named him president and chief operating officer in 2006. As president, he oversaw the launch of the wildly popular Wii, Nintendo 3DS, the not so popular Wii U, and most recently, the Nintendo Switch.