Ryan Cohen
Ryan Cohen is now CEO of GameStop.
  • Ryan Cohen was announced as the new CEO of GameStop on Thursday.
  • The founder of Chewy has a 12.1% stake in the company and was already executive chairman.
  • Shares in the gaming retailer jumped in premarket trading on Thursday.

GameStop has a CEO once again after Ryan Cohen, the billionaire founder of Chewy, was appointed Thursday.

Cohen had been executive chairman since early June after CEO Matt Furlong was shown the door. The company reported a bigger-than-expected quarterly loss along with the dismissal of Furlong, a former Amazon executive.