Raines becomes GameStop CEO

Video games retailer GameStop has confirmed details of an executive reshuffle that has seen it replace its current CEO.

Former COO Paul Raines is to become the new CEO. He replaces Dan DeMatteo who in turn assumes the role of executive chairman. His new role will see him focus on the retailer’s US operations.

Current chairman Dick Fontaine becomes the new international chairman and will take charge of the chain’s growth in overseas market. Tony Bartel becomes president, having formerly served as executive VP of merchandising and marketing. He will take charge of GameStop’s digital business.

Finally, acting CFO Robert Lloyd is to assume the position on a permanent basis and current senior VP of supply chains and international support Michael Mauler is to become international executive VP.

I am pleased to congratulate the team along with our board on the execution of this succession plan that has been two years in the making,” DeMatteo explained.

Paul, Tony, Rob and Mike are filling key positions that will allow GameStop to continue its growth both here and internationally. This includes expansion into new markets and continued focus on strategic initiatives such as our new loyalty program, downloadable content marketing and sales, and the evolution of GameStop.com into a robust digital platform.”