Former Nintendo of America president Reggie Fils-Aimé is already stepping down from GameStop’s board of directors after just about one year. According to VGC, the news was confirmed in a filing GameStop made to the US Securities and Exchange Commission.
The filing lists Fils-Aimé as one of eight directors who is expected to retire from the board at its upcoming 2021 Annual Meeting in June 2021.
“Turnover among our Board may disrupt our operations, our strategic focus or our ability to drive stockholder value.
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-Aimé originally joined the GameStop board in April 2020, alongside former CEO of Walmart US William Simon and PetSmart president James Symancyk, both of whom are also expected to leave the board at the same time as Fils-Aimé.
Earlier this year, the world was rocked by the Wall Street Gamestop fiasco (which you can read all about here).