When asked by CNN Business about the reason for Bell’s departure, a GameStop spokesperson said the company is “not providing any further comments at this time concerning the announcement.”
In a press release, GameStop said it “thanks Mr. Bell for his significant contributions and leadership, including his efforts over the past year during the COVID-19 pandemic.”
Then the pandemic hit and things got a whole lot worse. In September, the company announced it planned to close between 400 and 450 stores globally by the end of the year, around 100 more than it had initially projected last March. And in the three months that ended October 31, the company’s most recent reported quarter, it posted a net loss of $18.8 million.
If no permanent CFO replacement is found prior to Bell’s exit, the company plans to appoint Chief Accounting Officer Diana Jajeh as interim CFO.