GameStop CEO Michael Mauler Abruptly Steps Down After 3 Months on the Job

Mandatory Credit: Photo by Powers Imagery/Invision/AP/REX/Shutterstock (9121249a)
Signage at GameStop Vegas 2013, in Las Vegas. GameStop is diving into the video game publishing business. The retailer best known for selling games announced plans, to launch a new division called GameTrust that will help distribute and market them
Games GameStop Publishing Division, Las Vegas, USA

GameStop CEO Michael Mauler suddenly stepped down after just three months as head of the struggling retailer. According to the company, Mauler resigned due to personal reasons.

The company’s 70-year-old co-founder Daniel DeMatteo was appointed to lead the company until a new CEO is found.

DeMatteo released a statement, saying, “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.”

Mauler’s resignation follows recent shake-ups on the company’s board when two executives were fired. Its shares fell on Friday after Mauler’s announcement. The company is still trying to adapt in a world where online games are quickly becoming the norm.

– Blair Halliday