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Most of the GameStops boards to retire

Eight members of GameStop’s board will leave the company after the game dealer’s annual meeting in June, according to a new archive.

Why it matters: The “significant changes” will ensure an almost total transformation of board management for a company that runs on a roller coaster. It also confirms that new board members, led by Chewy co-founder Ryan Cohen, will map out the company’s future.

The planned exits, first reported by the Wall Street Journal, include Reggie Fils-Aimé, who was appointed to the board in March last year and who had previously become a celebrity for the gaming industry as the longtime president of Nintendo̵

7;s US division.

  • Also leaving is Kathy Vrabeck, a former leader of Activision. The plan to end was announced in January.
  • This will give the board far less expertise in the gaming industry.

Between the lines: After the end of last year, Cohen has asked for a clean-up from the company and pushed for a switch to digital sales.

  • In early March, GameStop announced that Cohen would chair a “strategic planning and capital allocation committee” to determine the company’s future. None of the eight resigning board members were present.

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