GameStop Taps Amazon Vet as CEO; Share-Sale Plan Sinks Stock (2)

GameStop Corp. is tapping a pair of Amazon.com Inc. executives to lead the company and may sell millions of additional shares to raise money, part of a drive to convert the brick-and-mortar chain into an e-commerce powerhouse.

Matt Furlong, who oversaw Amazon’s Australian business, will become chief executive officer of GameStop, while fellow Amazon veteran Mike Recupero will serve as chief financial officer, the video-game seller said Wednesday. Furlong starts on June 21, and Recupero begins work July 12.

WATCH: GameStop is tapping a pair of Amazon executives to lead its turnaround effort.

(Source: Bloomberg)

“It seems like they’re committed to the playbook of bringing in some Amazon DNA to run the company,” ...