GameStop CEO steps down due to illness
GameStop has tapped a company veteran to serve as interim chief executive.
GameStop Corp. on Tuesday announced it has named executive chairman Daniel DeMatteo as interim CEO. He replaces J. Paul Raines, who is seeking medical treatment after a reoccurrence of a previously disclosed illness. Raines, who was named chief executive of GameStop in 2010, had a cancerous tumor removed from his brain in 2014.
DeMatteo, one of GameStop’s co-founders, will continue to serve as executive chairman and director. He has served as the company’s CEO and in a variety of other executive and board roles since 1996.
“We continue to send our best wishes and strong support to Paul and his family,” DeMatteo said. “The board of directors has tremendous confidence in GameStop’s executives and the management team’s ability to effectively run the business with the board’s support.”
Home Depot exec to head up tech at sporting goods giant
Dick’s Sporting Goods has named Paul Gaffney as chief technology officer, effective Nov. 20.
Gaffney joins Dick’s from The Home Depot, where he most recently served as the senior VP of information technology. He was responsible for the organization’s software engineering, user-centered design and applications, and for leading their digital revolution, inspiring the engineering team to deliver customer focused software. At Home Depot, Gaffney will be responsible for the company’s technology, including infrastructure, e-commerce platforms and new and evolving digital platforms.
“Paul is joining the company at a critical time as we’re evolving every day through our digital transformation efforts,” said Edward W. Stack, chairman & CEO. “Paul’s experience will make an immediate impact on the company and we’re thrilled to welcome him to the Dick’s family.”
Toys ‘R’ Us appoints company veteran as executive VP, general counsel
The nation’s largest toy retailer named a 10-year company veteran to the position of executive VP and general counsel.
Effective immediately, James Young will be responsible for the retailer’s nearly 15 in-house lawyers and paralegals, as well as any outside counsel activities. He will be a member the company’s Leadership Team, and will also join the Toys “R” Us Children’s Fund Board.
Young will report directly to company chairman and CEO Dave Brandon.
Young is a 10-year veteran of the Toys “R” Us Legal division, and has “deep experience and working knowledge” of the company’s capital structure, finance and business operations. During his tenure, Young has worked on projects ranging from contract negotiations to mergers and acquisitions and corporate compliance. He has served as assistant corporate secretary and was responsible for overseeing the company’s SEC reporting obligations.
“This is a critical time for the company, not only because we are entering the ever-important Holiday season, but as we navigate and eventually emerge from the restructuring process,” said Brandon. “In addition to demonstrating tremendous legal acumen, Jamie has proven himself to be a passionate, positive leader who has earned the confidence of our senior most leaders, legal advisors and business partners. I could not be more thrilled to have him join my Leadership Team.”
Prior to joining the company, Young was corporate counsel for Cytec Industries, Inc. in West Paterson, New Jersey. Before that, he was an associate at Reed Smith LLP.