Gamestop Names New CEO

Grapevine, Texas-based videogame retailer GameStop, said Wednesday that it has named a new CEO. According to the firm, it has named J. Paul Raines as CEO, replacing Daniel A. DeMatteo, who becomes Executive Chairman. Raines was most recently COO of the firm. Raines has been at GameStop since September 2008 as COO, and also has served at The Home Depot, L.L. bean, and Kurt Salmon Associates.