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GameStop Board Ousts CEO

GameStop Corp. board has elected Ryan Cohen executive chairman, effective immediately. The board said its former CEO, Matt Furlong, who joined the company from Amazon, has been “terminated.” Billionaire activist investor Cohen, who co-founded Chewy and sold it to PetSmart for $3.35 billion in 2017, took a stake in GameStop in 2020, per Chain Store Age. In January 2021, Cohen and two other former Chewy executives were named to the company's board as part of an agreement with management. 

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