(Bloomberg)– GameStop Corp. climbed up after saying it intends to elect Ryan Cohen as its next chairman, sealing the activist financiers impact at the video-game retailer.Kurtis Wolf resigned efficient April 5, GameStop stated in a filing Thursday. The business said the resignation didnt result from an argument over operations, policies or practices.Cohen will stand for election at the annual conference on June 9, GameStop said in a declaration. The business reported frustrating fourth-quarter earnings last month.In addition to choosing Cohen as chairman, GameStop plans to nominate two brand-new board members: Larry Cheng, handling partner of Volition Capital and the first financier in the pet-supply seller Chewy, where Cohen made his name; and Yang Xu, senior vice president of global financing and treasury at Kraft Heinz Co.Story continuesUp for renomination are Alan Attal and Jim Grube, Cohen allies who signed up with the board with him in January, and Chief Executive Officer George Sherman.

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