Reggie Fils-Aimé, the recently retired President of Nintendo of America, will join GameStop's board of directors on April 20. The announcement was made Monday in a news release on the company's publicly-traded website. News comes between a strong decline the company's stock price, and rumors of a crackdown inside a struggling sports retailer.
GameStop has been changing as it seems for years now, as digital downloads and huge market pressures have crept in to intervene. In January, management acknowledged that the latest quarter sales were down 25% from a year earlier. Company executives say the arrival of new game consoles from Microsoft and Sony will provide much-needed momentum, but the recent placement shows a lack of confidence.
The announcement of Fils-Aimé's appointment to the board of directors comes as the first indication that he has not been made entirely by the sports industry. Joined by William “Bill” Simon (Walmart, Cadbury Schweppes, PepsiCo, and Nabisco) and James “J.K.” Symancyk (PetSmart, Academy Sports & Outdoors, Sam & # 39; s Club), taking their seats on the board immediately. By the time Fils-Aimé joins them he will be one of 10 board members leading the company in 2020 and beyond.
