GameStop Appoints Reginald Fils-Aimé, William Simon and James Symancyk to Board of Directors and Enhances Corporate Governance to Drive Ongoing Business Transformation
Adds Three New Highly Qualified, Independent Directors Who Bring Significant Retail, Turnaround, Consumer Products, Gaming and Financial Expertise as Cornerstone of Board Refreshment Process
Realigns Board Committees to Reflect New Director Skillsets and Experience
Implements Corporate Governance Enhancements, Creating Guidelines for Director Tenure and Board Committee Refreshment
The appointments of Messrs. Fils-Aimé, Simon and Symancyk to the GameStop Board are the result of a comprehensive search process led by the Board of Directors and involving shareholder input. After years of distinguished service, four directors –
Following the 2020 Annual Meeting, the GameStop Board will be composed of ten directors, nine of whom will be independent and six of whom will have served on the Board for less than two years. Median director tenure will be one year, significantly reduced from the prior median director tenure of eight years. These changes represent key elements of a Board refreshment process initiated in early 2019.
Board Appointments and Committee Composition
GameStop’s three new directors are highly qualified and collectively bring deep experience and expertise in retail, turnaround, consumer products, gaming and finance that are relevant to the Company’s business, ongoing turnaround and strategic plan to drive long-term shareholder value.
- Reginald “Reggie” Fils-Aimé, 58, is an accomplished media and technology executive who brings more than 35 years of experience transforming companies, revitalizing brands and reshaping industries. From 2006 to 2019, he served as President and COO of
Nintendo of America, Inc.During his tenure, Mr. Fils-Aiméfocused on the development and launch of industry re-defining products, including the Nintendo DS, Wii, Nintendo 3DS and Nintendo Switch, quadrupling the company’s revenue from 2005 to 2010, and oversaw the successful implementation of the company’s digital strategy. He previously served as Nintendo of America’s EVP of Sales and Marketing from 2003 to 2006. Prior to joining Nintendo, Mr. Fils-Aiméserved as SVP of Marketing for VH1from 2001 to 2003, where he led a strategic shift to appeal to younger consumers that resulted in an increase in ratings of more than 30 percent. Earlier in his career, he held multiple marketing roles at a variety of consumer and manufacturing companies, including the Derby Cycle Corporation, Guinness Import Company, Panda Management Company, Inc., Pizza Hut, Inc.and the Procter & Gamble Company. Mr. Fils-Aiméholds a Bachelor’s degree in Applied Economics from Cornell University. Mr. Fils-Aiméhas been appointed as a member of the Nominating and Corporate Governance Committee, effective April 20, 2020.
- William “Bill” Simon, 60, is a seasoned executive with more than 30 years of operational and strategic advisory experience in the retail, consumer and food and beverage industries. Since 2014, he has served as a Senior Advisor at KKR & Co.
Mr. Simonpreviously served in multiple leadership roles at Walmart Inc. from 2006 to 2015, including as President and CEO of Walmart U.S. from 2010 to 2014; EVP and COO of Walmart U.S. from 2007 to 2010; and as EVP, Professional Services and New Business Development from 2006 to 2007. Earlier in his career, Mr. Simonserved as VP of Marketing, Beverages at Cadbury Schweppes plcand held leadership roles of increasing responsibility at PepsiCo, Inc., after beginning his career at RJR Nabisco. His current board memberships include Anixter International Inc.; Chico’s FAS; and Darden Restaurants, Inc. Mr. Simonholds an MBA and a Bachelor’s degree in Economics from the University of Connecticut. Mr. Simonhas been appointed as a member of the Audit Committee.
- James “J.K.” Symancyk, 48, brings more than 25 years of executive leadership and operational experience in the retail and consumer products industries. He has served as President and CEO of
PetSmart, Inc.since 2018. Mr. Symancykpreviously served as President and CEO of Academy Sports & Outdoors, Inc., a retail and ecommerce sporting goods chain, from 2015 to 2018. Prior to that, he held leadership roles of increasingly responsibility at Meijer, Inc., a regional supercenter chain store, including as President; COO; and EVP, Merchandising & Marketing. He began his career at Sam’s Club, where he served as Divisional Merchandise Manager, among other roles. His current board memberships include Petsmartand Chewy, Inc., and previously Academy Sports & Outdoors. Mr. Symancykholds a Bachelor’s degree from the University of Arkansas. Mr. Symancykhas been appointed a member of the Compensation Committee.
Corporate Governance Enhancements
Effective immediately, the Company is targeting:
- An average Board tenure for independent directors of less than ten years; and
- Rotation of Board Committee members and chairs approximately every five years.
GameStop Investor Relations
Source: GameStop Inc.