[ad_1] GameStop, the struggling video-game retailer, fired Matt Furlong, its chief govt officer for the previous two years, and stated Chairman Ryan Cohen will tackle a brand new govt function. The shares plunged greater than 20%. Cohen’s obligations as govt chairman of the video-game chain will embody administration oversight and capital allocation, the corporate stated Wednesday in a press release. GameStop’s basic counsel, Mark Robinson, will turn out to be basic supervisor and principal govt officer. The cash-losing retailer additionally reported fiscal first-quarter gross sales that fell wanting analysts’ estimates. Income within the interval ended April 29 fell to $1.24…
