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GameStop Parts Ways With General Counsel Amid Retail Transition

Sept. 15, 2021, 7:56 PM

GameStop Corp., the video game retailer that gave rise to the meme stock frenzy, has a new lawyer in charge to go with its new management team.

Mark Robinson, who has spent the last half-dozen years in-house at GameStop, where he took on the role of chief ethics and compliance officer earlier this year, is now interim general counsel. He didn’t respond to a request for comment.

Dan Reed II, GameStop’s former general counsel, left the company in June, according to a source familiar with the matter. GameStop declined to discuss Reed’s departure, which followed a June 9 management change at the company.

Ryan Cohen, a billionaire entrepreneur who made his fortune co-founding online pet products supplier Chewy.com Inc., gained three seats on GameStop’s board in January after acquiring a 13% stake in the company.

Since then, Cohen has been leading the charge for GameStop to pivot from a brick-and-mortar retail business to an e-commerce platform.

Matthew Furlong and Mike Recupero, a pair of former executives at Amazon.com Inc., are now serving as CEO and CFO for GameStop, respectively.

GameStop has not publicly disclosed Reed’s departure. A proxy statement filed by GameStop earlier this year didn’t list Reed as one of the company’s five highest-paid executives. He is one of several in-house lawyers to have left GameStop since Cohen took control in April and began a management turnover.

Reed spent roughly 15 years in-house at GameStop, which hired the former Jackson Walker lawyer as an associate general counsel in 2006. He didn’t immediately respond to a request for comment.

In 2019, Reed became general counsel and corporate secretary for GameStop after former chief legal and administrative officer Daniel Kaufman took on the role of chief transformation officer for the Grapevine, Texas-based company.

At the time, GameStop was undergoing a restructuring that saw it shed 14% of its corporate staff. Kaufman, a former top lawyer at Electronics Boutique Holdings Corp., which GameStop acquired in 2005, left GameStop in June 2020. He now has his own management consultancy near Philadelphia.

GameStop is receiving outside counsel on its turnaround efforts from the law firms Troutman Pepper and Vinson & Elkins.

To contact the reporter on this story: Brian Baxter in New York at bbaxter@bloomberglaw.com

To contact the editor responsible for this story: Chris Opfer at copfer@bloomberglaw.com;
John Hughes in Washington at jhughes@bloombergindustry.com

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