×
You will be redirected back to your article in seconds

Former Xbox Exec Shane Kim Named Interim CEO of GameStop

Former Xbox executive Shane Kim has been named the new interim CEO of GameStop while the retailer searches for a permanent replacement in the wake of Michael Mauler’s resignation last month.

Former GameStop CEO Mauler resigned on May 11 for “personal reasons” after only three months in the position. A GameStop spokesperson informed Variety at the time that Mauler’s resignation was “not due to any disagreement with the company regarding its financial reporting, policies or practices, or any potential fraud relating thereto.”

Kim will be the company’s fourth CEO since the late J. Paul Raines left the position in November 2017, after overseeing the retailer for eight years. Kim was general manager of Microsoft Game Studios and corporate vice president for Microsoft’s Interactive Entertainment Business before leaving the company in 2010. Since 2011, Kim has been a member of GameStop’s board of directors.

In a conference call on Thursday, GameStop’s executive chairman Dan DeMatteo said the company looks forward to the “insights, energy, and intensity [Kim] will bring” to the role.

“We are fortunate to have Shane assume the role of interim chief executive officer and welcome his insight as a video game industry veteran,” DeMatteo added. “Shane has been an actively engaged member of GameStop’s board of directors since 2011 and will bring additional executive focus, energy, and passion to the organization during this time of transition.”

The press release that announced Kim’s hire also revealed the company’s Q1 results. The struggling retailer’s total global sales decreased 5.5% overall to $1.93 billion. This is despite the results of a recent PayPal poll, in which 45% of U.S. respondents named GameStop as their favorite retailer for purchasing video games.

More Gaming

  • harry potter wizards unite

    'Harry Potter: Wizards Unite' Off to Slower Start Than 'Pokemon Go'

    Niantic’s new location-based augmented reality game “Harry Potter: Wizards Unite” is off to a solid start — but it doesn’t seem to have quite the same momentum as “Pokemon Go” did when it launched 3 years ago. That’s according to initial estimates from app analytics specialist Sensor Tower. “Harry Potter: Wizards Unite” first became available [...]

  • survios at the linq

    Not Just Gambling: Las Vegas Is Becoming a Virtual Reality Hub

    Walk into the Linq on the Las Vegas strip these days, and you might not immediately realize you just stepped into a casino. Instead, you’ll stumble across a series of living-room-like lounge setups, complete with leather couches, big-screen TVs, Xbox Ones and Oculus Go VR headsets. There’s also a bar with a massive wrap-around touch [...]

  • Netflix HQ LA

    Netflix Engineers Developed a Rumble Pack Feature During Latest Hack Day

    A duo of Netflix employees had a unique idea for making the service’s shows even more stirring: They added a rumble pack option to the Netflix app as part of the company’s latest hack day. When watching shows like “Voltron,” the feature makes phones vibrate in sync with the action on the screen, similar to [...]

  • Niantic's Harry Potter: Wizards Unite Game

    ‘Harry Potter: Wizards Unite’ to Launch This Week

    “Pokemon Go” maker Niantic is getting ready to launch its next big game: “Harry Potter: Wizards Unite” is set to launch in June 21, the company revealed in a tweet this week. The worldwide launch of Harry Potter: Wizards Unite begins this Friday, June 21! Keep your eyes peeled and wand ready for more information [...]

  • Sarah Iooss - Twitch

    Twitch Hires Sarah Iooss, Former Mic and Viacom Exec, as Head of North America Sales

    Twitch has tapped Sarah Iooss, most recently EVP of revenue at millennial-news startup Mic, to lead the advertising sales team in North America for the Amazon-owned live-streaming video platform focused on video gaming. Iooss will be based in New York, reporting to chief revenue officer Walker Jacobs, who joined Twitch last fall after serving as [...]

  • littlstar ps4 app

    Littlstar Expands Beyond VR With New PS4 App, Signs Up 30,000 Paying Subscribers (EXCLUSIVE)

    A&E-backed immersive content aggregator Littlstar is expanding beyond virtual reality (VR): The New York-based startup launched a dedicated PlayStation4 app this week, giving users of Sony’s game console access to their personal media libraries, as well as both traditional and 360-degree video content from a variety of publishers. Littlstar also announced that it signed up [...]

  • Game of Thrones Season 8 Production

    'Game of Thrones,' Netflix VFX Among Those to Be Featured in SIGGRAPH Production Talks

    VFX pros behind the final season of “Game of Thrones,” the blockbuster film “Avengers: Endgame,” Pixar’s upcoming “Toy Story 4,” last year’s Oscar-winning “Spider-Man: Into the Spider-Verse,” Netflix series, including “Stranger Things,” and more will give SIGGRAPH 2019 attendees a behind-the-scenes look at their work during the conference’s Production Sessions. There will even be a [...]

More From Our Brands

Access exclusive content