GameStop&nbsp;<a href="https://www.reuters.com/markets/companies/GME.N" target="_blank" rel="noreferrer noopener">(GME.N)</a>&nbsp;on Thursday named Ryan Cohen as its CEO and chairman, giving the billionaire activist investor more power to spearhead a turnaround of the video game retailer.

Cohen will relinquish the title of executive chairman, a role that he had taken on after the company ousted former CEO Matt Furlong in June.

Shares of the retail investor darling jumped 6% in premarket trading.

GameStop named Ryan Cohen as its CEO and chairman, giving the billionaire activist investor more power to spearhead a turnaround of the video game retailer.{ai:summary}<p>GameStop has appointed Ryan Cohen as CEO and chairman, allowing him to lead the retailer's turnaround. This news has resulted in a 6% increase in the company's shares. #economy</p>

GameStop names billionaire Ryan Cohen as CEO in push for turnaround at video game retailer

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