Big things are coming for GameStop during a time the company needs it most
Reggie Fils-Aime stepped down as president of Nintendo of America in February 2019 and had his eyes set on relaxing and retirement. However, that vision has come to an end and has been replaced with a new outlook on life: changing the future of GameStop.
Fils-Aime is set to join GameStop’s executive board of directors to help guide the retail change during its time of transition. GameStop has undergone quite a few changes, yet its quarterly revenue and stock continue to fall. Attributing to this deterioration is the retailer’s stride of becoming more than a physical games retailer, selling products like Funko Pop figurines and other geek-related apparel.
The company has also laid off mid-level managers and employees as a way of cutting costs. “The gaming industry needs a healthy and vibrant GameStop,” Fils-Aimé tweeted. “I look forward to being a part of GameStop’s Board and helping to make this happen.”
Fils-Aime joins William Simon, the former CEO of Walmart, and James Symancyk, the current CEO and president of PetSmart. The latter two will take on their position as board directors immediately while Fils-Aime will officially join on April 20th.
During his time as Nintendo of America president, Fils-Aime oversaw the launch of the Wii, the Nintendo 3DS and the Switch. Fans know him as “Reggie” and he has made many appearances at popular conferences like E3 and hosted a number of Nintendo Direct keynotes when announcing new game releases.
By: Maytinee Kramer