Just three months after appointing Michael K. Mauler as CEO, Grapevine-based GameStop Corp. announced he had resigned for personal reasons. Mauler also resigned as a director of the company.
The video game retailer announced that the company’s Board of Directors has appointed Daniel A. DeMatteo, one of the company’s co-founders, as interim CEO.
In a filing with the Securities and Exchange Commission, the company noted that the “resignation is not due to any disagreement with the company regarding its financial reporting, policies or practices or any potential fraud relating thereto.” The company also said Mauler won’t be elibible for serverance or other separation benefits.
The latest change is only the latest executive moves the company has made. Three months ago, GameStop fired two executives, including its chief operating officer after Mauler was named CEO.
DeMatteo, who co-founded GameStop and served as CEO from August 2008 until June 2010, is the executive chairman of the company’s board and will continue that role. He has served as the company’s CEO and in a variety of board and executive roles since November 1996.
“Given my tenure and familiarity with the company and our associates, it’s a natural step for me to assume this role and guide the business at this time while the board searches for a permanent CEO,” said DeMatteo in a statement.
GameStop has been working to diversify its offerings beyond the video game market by moving into the mobile-phone and wireless-services market and has opened several ThinkGeek retail locations that cater to “geek” culture.