Billionaire investor Ryan Cohen takes over as GameStop CEO

GameStop Corp. has appointed billionaire Ryan Cohen its new chief executive officer, filling a leadership void at the video games retail chain. Its shares rose about 5% in pre-market trading. Cohen, already chairman, takes up the post immediately and will work without compensation. In June, GameStop ousted then-CEO Matt Furlong and elevated Cohen to chairman. Cohen, founder of online pet food retailer Chewy, acquired a stake in the company in 2020 and has overseen a number of executive shakeups. Grapevine-based GameStop named Cohen as the company’s chairman in June after...