GameStop’s chief financial officer is leaving the company without an immediate replacement.
The company announced Tuesday that Jim Bell, who served as the executive vice president and CFO, will be resigning from his roles on March 26.
Bell’s exit comes after the company’s meteoric rise in stock value last month. After bets against GameStop’s stock were followed by a campaign to juice the video-game chain’s shares, it sent the company’s stock price soaring before it tumbled shortly after.
The GameStop saga took center stage last week when lawmakers held a congressional hearing to examine what happened during last month’s trading frenzy after the event set off a series of federal probes into possible market manipulation.
GameStop’s saga may be over:Its effect on Wall Street isn’t
GameStop said in a statement it started searching for a new CFO “with the capabilities and qualifications to help accelerate GameStop’s transformation.”
“If a permanent replacement is not in place at the time of Mr. Bell’s departure, GameStop intends to appoint Diana Jajeh, who is currently Senior Vice President and Chief Accounting Officer, to the role of interim Chief Financial Officer,” the company said in a press release. “Ms. Jajeh has more than two decades of experience operating as an auditor, comptroller and corporate finance executive.”
Contributing: Jessica Menton, USA TODAY