GameStop Chief Operating Officer Quits After 7 Months

GameStop Corp., the company whose stock became a sensation with day traders this year, said on Friday that its chief operating officer (COO) Jenna Owens has agreed to leave, just seven months after joining the video game retailer, Svea Herbst-Baylissas reported for Reuters.

Photo Insert: The resignation of COO Jenna Owens is the first major executive departure at GameStop since the company hired a new chief executive officer, Matt Furlong, in June.

It is the first major executive departure at GameStop since the company hired a new chief executive officer, Matt Furlong, in June. Owens, who was a top executive at Amazon.com Inc. and Alphabet Inc.'s Google, joined GameStop in March.

She was one of the technology veterans recruited by Ryan Cohen, the co-founder and former CEO of online pet food retailer Chewy Inc., as he laid the groundwork to transform the moribund brick-and-mortar retailer into an e-commerce powerhouse.

GameStop did not provide a reason for Owens' departure, which is effective immediately. The company said in a regulatory filing that it and Owens had reached a "separation agreement," which is typically negotiated when companies and their executives do not see eye-to-eye.

GameStop also used separation agreements when it parted ways with its chief financial officer Jim Bell and chief executive officer George Sherman earlier this year. They were replaced by Furlong as CEO and Mike Recupero as CFO.

Owens will be entitled to a severance package, the filing said. Her duties will be taken up by other senior GameStop managers.

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