The Chief Financial Officer of GameStop Corp. (GME) Jim Bell will be stepping down from the position following the controversial astronomical rally of the company’s stock which happened recently.
The company made this announcement adding that the CFO will be stepping down next month. GameStop says the resignation of Bell isn’t linked to any disagreement with the company relating to its operations including accounting principles and practices.
Unnamed insider sources disclosed that Bell’s resignation wasn’t linked with recent rally of the stock fuelled by retail traders on Reddit and other various social platforms further adding his exit was initiated by the company.
Additionally, the source revealed that GameStop is no longer satisfied with Bell as its CFO since it wants to shift into a technology-oriented business and it isn’t confident that Bell will be the right CFO moving forward.
Bell will leave the company officially on March 26, citing his LinkedIn profile he has previously worked for Gap Inc. (GPS) and Coldwater Creek.
The company has begun a search for its new permanent CFO however if by the time Bell leaves it wouldn’t have found one then it will appoint Chief Accounting Officer Diana Jajeh as interim CFO.