GAME CFO Steps Down As Profits Drop - News
by William D'Angelo , posted on 24 March 2015 / 3,591 Views
UK retailer GAME has struggled recently as CFO Benedict Smith announced he will be leaving the company. He was hired in January 2013 and will be leaving this July after his successor has taken over his role.
"Benedict has been a key member our management team, which has transformed GAME, achieved a successful IPO and driven forward our strategy of being at the heart of the gaming community," said GAME CEO Martyn Gibbs. "Benedict leaves the business in a strong financial position and though he will be with us for a few more months, I and all the team would like to take this opportunity to wish him well in his future role."
GAME has also released their six month fiscal report for the period ending January 24th. Revenue for the six month period dropped 0.7 percent to £586.4 million. Profits dropped 1.6 percent to £33.8 million. The drop in revenue and profits is due to a slower start to 2015 than was originally expected.
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A life-long and avid gamer, William D'Angelo was first introduced to VGChartz in 2007. After years of supporting the site, he was brought on in 2010 as a junior analyst, working his way up to lead analyst in 2012. He has expanded his involvement in the gaming community by producing content on his own YouTube channel and Twitch channel dedicated to gaming Let's Plays and tutorials. Outside, in the real world, he has a passion for the outdoors which includes everything from hiking to having received his B.A. in Environmental Studies. You can contact the author at wdangelo@vgchartz.com or on Twitter @TrunksWD.
