GAME names new CEO after administration exit

GAME has named its new CEO as ex-employee Martyn Gibbs after exiting administration late yesterday.

Gibbs is an experienced hand in the industry and was first bought into GAME when the company purchased Gamestation, where he had been Managing Director.

He was a major component of GAME from 2007 on and eventually left the company in mid 2011. He's also known for heading up the game arms of HMV and WH Smiths.

"I am delighted to be leading GAME back to success. Our immediate priority is to help the GAME and Gamestation teams, so they can give our customers a great Easter in our stores and websites," Gibbs said in a statement, via MCV.

The first major task for Gibbs will likely be getting stock into stores for Easter - as many stores are approaching empty after several weeks of no deliveries and an impressive 'Spring Clean' sale which saw preowned stock heavily reduced.

It was also confirmed yesterday that David Hamid, a veteran of Dixons, MFI, Halfords and Nationwide would take the role of GAME's Executive Chairman.

The deal signed yesterday will save the remaining 333 GAME stores and 3100 jobs.