GRAPEVINE, Texas, Jun 02, 2010 (BUSINESS WIRE) --The Board of Directors of GameStop Corp. (NYSE: GME), the world's
largest video game and entertainment software retailer, today announced
the promotion of existing executives into new positions within the
company. The promotions include: Daniel A. DeMatteo, Executive Chairman,
from Chief Executive Officer; J. Paul Raines, Chief Executive Officer,
from Chief Operating Officer; Tony D. Bartel, President, from Executive
Vice President, Merchandising and Marketing; and Robert A. Lloyd,
Executive Vice President and Chief Financial Officer, from Senior Vice
President and Acting Interim Chief Financial Officer. As announced in
January 2010, Michael K. Mauler was promoted to Executive Vice
President, GameStop International.
"I am pleased to congratulate the team along with our board on the
execution of this succession plan that has been two years in the
making," indicated Dan DeMatteo. "Paul, Tony, Rob and Mike are filling
key positions that will allow GameStop to continue its growth both here
and internationally. This includes expansion into new markets and
continued focus on strategic initiatives such as our new loyalty
program, downloadable content (DLC) marketing and sales, and the
evolution of GameStop.com
into a robust digital platform."
The executive team and their areas of responsibility include:
Daniel A. DeMatteo, Executive Chairman. DeMatteo will continue to
define strategic brick and mortar growth objectives, as well as
oversee development of both domestic and international digital
initiatives. DeMatteo had been the Chief Executive Officer of GameStop
since August 2008. He served as Vice Chairman of the Board and Chief
Operating Officer from March 2005 to August 2008. Prior to March 2005,
he served as President and Chief Operating Officer of GameStop or the
predecessor companies since November 1996. He has served on the Board
since 2002, and he has been an executive officer in the video game
industry since 1988.
J. Paul Raines, Chief Executive Officer. Raines is charged with
working closely with the Executive Chairman to develop the company's
long-term strategic direction and to lead the management team to
execute supporting goals. Raines joined GameStop as Chief Operating
Officer in September 2008. Previously he spent eight years with The
Home Depot in various management positions in retail operations,
including serving as the Executive Vice President of U.S. Stores and
President of the Southern Division. Prior to Home Depot, Raines spent
four years in global sourcing for L.L. Bean and 10 years with Kurt
Salmon Associates in their consumer products group. He presently sits
on the Board of Directors of Advanced Auto Parts.
Tony D. Bartel, President. In this newly-created position, Bartel will
lead the company's digital growth strategy. Bartel has been
instrumental in defining the company's multi-channel approach and will
now be responsible for spearheading GameStop's digital and online
enterprises. He has been the Executive Vice President of Merchandising
and Marketing since March 2007. Prior to that, he was the Senior Vice
President of International Finance, a role he held since joining
GameStop in 2005. Prior to GameStop, Bartel was Chief Administrative
Officer for NCH Corporation from 2003 to 2005. From 1989 to 2003, he
held various positions with PepsiCo and Yum Brands, Inc., including
operational finance, strategic planning, controller and eventually
Chief Financial Officer of Pizza Hut. Prior to 1989, Bartel held
various positions with KPMG Peat Marwick.
Robert A. Lloyd, CPA, Executive Vice President and Chief Financial
Officer. Previously named Interim Chief Financial Officer in February
2010, Lloyd has been appointed the company's full-time CFO. He served
under GameStop's previous CFO as Senior Vice President and Chief
Accounting Officer since October 2005. Prior to that, Lloyd was the
Vice President - Finance of GameStop or its predecessor companies from
October 2000, and he was the Controller of GameStop's predecessor
companies from December 1996 to October 2000. From 1988 to 1996, Lloyd
held various financial management positions as Controller or Chief
Financial Officer within the telecommunications industry. Prior to May
1988, Lloyd was with Ernst & Young.
Michael K. Mauler, Executive Vice President, GameStop International.
Formerly GameStop's Senior Vice President of Supply Chain and
International Support, Mauler was appointed earlier this year to lead
the company's international divisions and drive their growth. Mauler
served as Electronics Boutique's Vice President of Logistics before
the company was acquired by GameStop in late 2005. He has also held
senior positions with Baxter Healthcare, Dade Behring and Fisher
Scientific, where he led operations for 22 countries.
The Board also reiterated that R. Richard (Dick) Fontaine will continue
in his role as Chairman International, partnering with DeMatteo and
Mauler on the strategic growth of GameStop's broad network of more than
2,000 international stores.
"GameStop has an exceptionally strong management team," offered Raines.
"When a new chief executive has the opportunity to work hand-in-hand
with company founders Dick Fontaine, Dan DeMatteo and GameStop Board
Member Len Riggio, it allows for a unique opportunity to deliver
bottom-line results within a company that has made an indelible mark as
the leading retailer within the gaming industry."
Raines added that the new structure, "reflects the fact that the video
game industry is evolving into different platforms beyond the console,
and GameStop is well positioned as a multi-channel retailer and
aggregator for all things gaming."
About GameStop Corp.
Headquartered in Grapevine, TX, GameStop Corp., a Fortune 500 and S&P
500 company, is the world's largest video game and entertainment
software retailer. The company operates 6,486 retail stores in 17
countries worldwide. The company also operates an e-commerce site,
GameStop.com, and publishes Game Informer(R) magazine, a leading
multi-platform video game publication. GameStop Corp. sells new and used
video game software, hardware and accessories for video game systems
from Sony, Nintendo, and Microsoft. In addition, the company sells PC
entertainment software, related accessories and other merchandise.
General information on GameStop Corp. can be obtained at the company's
corporate website: http://www.gamestopcorp.com.
SOURCE: GameStop Corp.
Vice President, Corporate Communications and Public Affairs
Director, Investor Relations