GameStop Has A New CEO, As Outgoing Exec Leaves To Focus On His Health And Family

GameStop has a new CEO. Michael Mauler, who has been with the video game and technology retailer for 16 years, is stepping into the role of chief executive, effective immediately, GameStop announced in a press release. Mauler, who is 56, also joins GameStop's Board of Directors as part of this appointment.

Previously, Mauler was GameStop's executive vice president and the president of GameStop's international business. Before that, he worked as GameStop's senior vice president for Supply Chain and International Support. Going further back in time, Mauler was the vice president for logistics at EB before it merged with GameStop.

A United States Securities & Exchange Commission filing shows that GameStop has not yet determined what Mauler will be paid in his new role as CEO. This information will be shared at a later point in time.

In November, former GameStop CEO J. Paul Raines stepped down amid the reoccurrence of health issues following the removal of a brain tumor in 2014. GameStop co-founder Daniel DeMatteo was named interim CEO and served in that role until this week.

Earlier this week, Raines announced that he was resigning from GameStop's Board of Directors "in order to focus on his health and family." He will officially stay with the company through mid-March 2018, at which time he will leave GameStop altogether. Raines also sat on the Board of Directors for J.C. Penney, a position he recently vacated, according to Dallas Morning News.