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Reggie Fils-Aime departing GameStop board of directors after one year

Former Nintendo of America president Reggie Fils-Aime is stepping down from GameStop's board of directors after little over a year.

Chris Kerr, News Editor

March 25, 2021

1 Min Read

Former Nintendo of America president Reggie Fils-Aime is stepping down from GameStop's board of directors after little over a year

As spotted by Nintendo Wire, the news was buried in a SEC filing that detailed a list of board departures including Fils-Aime that could prove disruptive.

"Turnover among our Board may disrupt our operations, our strategic focus or our ability to drive stockholder value," reads the form. "If we fail to attract and retain new skilled personnel for our Board, our business and growth prospects could disrupt our operations and have a material adverse effect on our operations and business."

Fils-Aime joined the GameStop board as the company sought to revitalize a struggling business and reshape its image, and the following year was eventful to say the least thanks to a stock market fiasco centered around the fabled 'GME'.

GameStop's latest fiscal report shows the company managed to successfully grow its e-commerce business by 191 percent year-over-year, although the segment still only accounted for around 30 percent of overall net sales. 

Overall, GameStop reported a $215.3 million net loss during 2020, although it claims the COVID-19 pandemic and the end of two console generations played a part in that decline. 

About the Author(s)

Chris Kerr

News Editor, GameDeveloper.com

Game Developer news editor Chris Kerr is an award-winning journalist and reporter with over a decade of experience in the game industry. His byline has appeared in notable print and digital publications including Edge, Stuff, Wireframe, International Business Times, and PocketGamer.biz. Throughout his career, Chris has covered major industry events including GDC, PAX Australia, Gamescom, Paris Games Week, and Develop Brighton. He has featured on the judging panel at The Develop Star Awards on multiple occasions and appeared on BBC Radio 5 Live to discuss breaking news.

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