GameStop hires Amazon government as chief development officer in e-commerce shift By Reuters

(Reuters) – GameStop Corp (NYSE:) stated on Tuesday it named Amazon.com Inc (NASDAQ:) government Elliott Wilke as chief development officer, the newest high stage appointment after shareholder Ryan Cohen took cost of the online game retailer’s e-commerce pivot.

The corporate’s shares, which had been on the coronary heart of a Reddit-driven retail buying and selling frenzy early this 12 months, rose almost 5% in pre-market buying and selling.

GameStop is within the strategy of shifting its enterprise away from the brick-and-mortar retailer mannequin and into an e-commerce enterprise that may compete with large-scale retailers like Goal Corp (NYSE:) and Walmart (NYSE:) Inc, in addition to know-how corporations equivalent to Microsoft Corp (NASDAQ:) and Sony Corp (T:).

Signaling a broader overhaul, at the least two executives have departed since – Chief Buyer Officer Frank Hamlin and Chief Monetary Officer Jim Bell.

Wilke, who has spent almost seven years at Amazon and final led its Contemporary Shops enterprise, will oversee development methods and advertising at GameStop.

The corporate on Tuesday additionally named former Chewy (NYSE:).com executives Andrea Wolfe and Tom Peterson to steer model improvement and merchandising, respectively.