GameStop’s CFO has now filed his resignation. Jim Bell, the current CFO, placed his resignation which will come to effect on March 26, 2021. After Bell would step down, the company’s senior VP and chief accounting officer Diana Jajeh would fill the role until someone would be hired for the job.
Jim Bell was Wok Holding’s former CFO before leaving and joining GameStop with the same position back in 2019. Bell then took over from Rob Lloyd, GameStop’s former CFO for 23 years.
While in GameStop, Jim Bell had an annual salary of $700,000 and received a signing bonus of $50,000 when he took the job, according to SEC filings. He was also eligible to receive an annual bonus that equals his annual salary of $700.000. He will also receive a severance bonus of $2.8 million due to the fact that he resigned out of “Good Reason.”
Bell’s departure has come in between the company’s battle with lowered revenues and problematic leadership.
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