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GameStop CEO treated for cancerous brain tumor

🕐 1 min read

NEW YORK (AP) — GameStop Corp. said Tuesday that its CEO, Paul Raines, had surgery last week to remove a cancerous brain tumor.

The video game retailer said the tumor was “very small” and found early. The prognosis for a full recovery is “very good,” GameStop said in a filing with the Securities and Exchange Commission.

Raines, 50, will now undergo preventive chemotherapy. The treatment is expected to take about six weeks.

The Grapevine, Texas company said that Raines will restrict travel during that period, but the treatment should not interfere with his job.

“We have every confidence in Paul’s continued leadership and wish him a speedy recovery,” said GameStop’s Executive Chairman Daniel DeMatteo in a statement. “While he recovers, our highly-tenured executive team will ensure that our business continues without interruption.”

Raines was named to the CEO post in June 2010.

The company, which operates about 6,600 stores around the world, is expected to release is second-quarter earnings report on Thursday.

GameStop shares rose 61 cents to $41.25 in morning trading Tuesday.

Robert Francis
Robert is a Fort Worth native and longtime editor of the Fort Worth Business Press. He is a former president of the local Society of Professional Journalists and was a freelancer for a variety of newspapers, weeklies and magazines, including American Way, BrandWeek and InformatonWeek. A graduate of TCU, Robert has held a variety of writing and editing positions at publications such as the Grand Prairie Daily News and InfoWorld. He is also a musician and playwright.

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