As part of its latest earnings report to investors, retail chain GameStop announced today that board member Shane Kim is stepping up to serve as interim CEO in the wake of former CEO Michael Mauler's departure earlier this month.
This is significant because Kim is now the second person to step into the role since the departure of longtime GameStop Julian Paul Raines, who passed away earlier this year after suffering a cancer relapse.
"As the board conducts its search to fill the position on a permanent basis, Shane will work closely with Rob [Lloyd], who has earned a well-deserved promotion as the Company’s chief operating officer and chief financial officer, and Dan Kaufman, our executive vice president, chief administrative and legal officer," reads a statement to investors from GameStop board chief Dan DeMatteo. "Together, Shane, Rob and Dan, along with the other members of our senior leadership team, will ensure the organization is focused on driving forward our business strategy and key priorities."
"I’m not a candidate for the job permanently, because look, I left Microsoft in 2010, I retired then, and have really enjoyed my next career as a board director. Especially the time I’ve spent as a director of GameStop," Kim told investors today during an earnings call. "I intend to return to the board when we hire the next CEO.”