Nintendo of America’s former president and taker of names is joining GameStop’s board of directors. The huge gaming retail company announced today that Reggie Fils-Aimé is joining its board to help turn the company around. Fils-Aimé is best known as his time as president of Nintendo of America where he was the face of the company in North America.
Joining Reggie on the board is Bill Simon and J.K. Symancyk. Simon has worked 30 years in various executive roles in the retail industry. Symancyk is the president and chief executive of PetSmart. GameStop’s goal is to have Fils-Aimé, Simon, and Symancyk provide expertise to help turn its struggling business back toward profitability.
“The board refreshment and governance enhancements announced today represent an important milestone in GameStop’s transformation as we continue to evolve the company’s business strategy for long-term success,” GameStop chief executive George Sherman said. “We are pleased to welcome Reggie, Bill, and J.K. to the board. They are each highly qualified and bring significant, relevant experience to our turnaround. We look forward to immediately benefitting from their expertise and perspectives as we navigate the evolving gaming and retail environments, execute on our strategic initiatives and prepare the Company to maximize value-creation associated with the next generation of console launches later this year.”
GameStop also told investors that four board members are leaving their duties on that body. Those include Dan DeMatteo, Gerald Szczepanski, Larry Zilavy, and Steve Koonin.
“On behalf of the entire Board and management team, I would like to extend my deepest gratitude to Dan, Gerald, Larry, and Steve for their significant contributions to GameStop,” Gamestop director Kathy Vrabeck. “During their tenure, the company has made important progress executing on our objective of becoming a leading omni-channel retailer with top market share in the gaming category, and we appreciate their thoughtful leadership, guidance and service. Looking ahead, we are excited about the progress our new leadership team has made to date. We are confident they will continue to accelerate the company’s turnaround and transformation to drive shareholder value as they pursue opportunities to create meaningful entertainment experiences for our customers and enhance partnerships with gaming publishers and console and PC developers.”