The video game retailer is in crisis. The share price fell again after a rally in January.
A branch of the video game retailer Gamestop.
The video game retailer Gamestop, which caused a sensation in January due to extreme price volatility in the financial market, has to look for a new CFO. Incumbent Jim Bell will vacate the post on March 26, the company announced on Tuesday after the US market closed.
Gamestop has started looking for a capable successor, should one not be found in time, chief accountant Diana Jajeh will take over the tasks first. The company did not give a reason for Bell's resignation.
Gamestop has been in crisis for a long time, but driven by hobby investors organized on the Internet, the company's shares had rallied breathtakingly last month. That in turn broke billions in losses for some hedge funds that had bet on a price decline.
At the end of January, the share had reached a record high of over 483 dollars, but the soaring was quickly over – the price was most recently just under 45 dollars. The resignation of the CFO led to further losses after the trading day.
