GME

GameStop names billionaire Ryan Cohen as CEO

Credit: REUTERS/ANDREW KELLY

Adds share movement, background on Cohen

Sept 28 (Reuters) - GameStop GME.N on Thursday named Ryan Cohen as its CEO and chairman, giving the billionaire activist investor more power to spearhead a turnaround of the video game retailer.

Cohen will relinquish that title of executive chairman, a role that he had taken on after the company ousted former CEO Matt Furlong in June.

Shares of the retail investor darling jumped 6% in premarket trading.

(Reporting by Aditya Soni in Bengaluru; Editing by Arun Koyyur)

((Aditya.Soni@thomsonreuters.com; +91 80 6749 1130;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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