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Ryan Cohen (born 1986) [1] is a Canadian entrepreneur and activist investor. [ 2 ] [ 3 ] He founded e-commerce company Chewy in 2011, and was the company's chief executive officer (CEO) until 2018. Cohen is the chairman and CEO of GameStop .
Chewy was founded under the name "Mr. Chewy" in June 2011 by Ryan Cohen [3] and Michael Day. [4] In March 2012, the company estimated a total yearly revenue of $26 million, despite losing money in its first half year. [4] [5] By 2017, the company had revenue of approximately $2 billion and 51% of online pet food sales in the US.
Cohen will not draw a salary for the role. Cohen has been looking to revive the once dominant brand since 2021, when he forced out the executive team at GameStop and assumed the chairman’s role.
As Yahoo Finance has reported, the lack of clarity on business strategy from Cohen and his new team at GameStop has hurt the stock. Shares of GameStop have crashed 33% year-to-date. The former ...
Ryan Cohen certainly fits the description. ... Just today, the expected IPO price range, originally planned at between $17 and $19 per share, was raised to $19 to $21 per share, ...
Cohen's rise to GameStop CEO is the culmination of his role in the meme stock movement. In 2021, he became a popular activist investor amid the meme stock craze.
Billionaire Ryan Cohen takes over as CEO at GameStop, adding to chairman role. September 28, 2023 at 9:14 AM.
Furlong was removed from his position as CEO in June 2023 and replaced by Ryan Cohen. [143] In July 2022, it was announced that Mike Recupero was fired as CFO. He was replaced by Diana Saadeh-Jajeh, who was the company's chief accounting officer. [144] In May 2023, it was announced that GameStop was closing down all of its stores in Ireland. [145]