Nearly a year since joining, former Nintendo America boss Reggie Fils-Aimé is leaving the GameStop board of directors.
The news comes via a new SEC filing that surfaced this week. Reggie officially joined the GameStop board of directors on April 20th of last year – possibly his biggest move since he retired from Nintendo of America back in 2019. Reggie is one of eight board members set to be replaced in the new board, which will be decided sometime this summer.
“Turnover among our Board may disrupt our operations, our strategic focus or our ability to drive stockholder value,” GameStop said in the filing. “If we fail to attract and retain new skilled personnel for our Board, our business and growth prospects could disrupt our operations and have a material adverse effect on our operations and business.”
Two other board members that are set to leave include former Walmart US CEO William Simon and PetSmart president and current CEO James Symancyk. Other new gigs Reggie started up since retiring include a teaching job at Cornell, joining the New York Video Game Circle’s board of directors.
We previously reported on YouTuber and GameStop whistleblower Camelot331 [1, 2, 3, 4, 5], who talked up GameStop’s allegedly abusive, immoral, and illegal activities. Camelot cited both his own experiences while working at a GameStop store, and stories from other former and existing staff acting as whistleblowers.
This past year has been quite unusual for GameStop as a retailer due to the COVID-19 pandemic, internal issues and allegations, but also a meme-induced, meteoric short stock price increase, which increased the value of GameStop by the billions, overnight. Reggie hasn’t spoken about the short stock or other issues at the company since becoming a board member.