GameStop Corp. said Thursday that its financial and operating chief Rob Lloyd is stepping down from the embattled videogame retailer.

The Grapevine, Texas, company said Mr. Lloyd will resign from the role Monday, but he will continue as an adviser through July 3, according to a securities filing. The company said James Bell, the former CFO of Wok Holding Inc., the parent company of P.F. Chang’s and several other restaurants, to succeed Mr. Lloyd.

GameStop said in a securities filing that Mr. Lloyd’s resignation wasn’t from a disagreement with the company or any matter relating to the company’s operations. He became CFO of the retailer in 2010 after holding positions including chief accounting officer, controller and vice president of finance. He joined the company in 1996.

Mr. Lloyd also has been serving as operating chief since the company fired its previous COO Tony Bartel in February 2018. The company said Thursday it plans to eliminate the position.

Mr. Bell will have an annual salary of $700,000, according to a securities filing, and receive an equity award valued at $1.3 million. The award will be issued on July 1 and consist of time-vested restricted stock and performance-based restricted stock.

GameStop also said it hired Chris Homeister, the former CEO of specialty retailer Tile Shop Holdings Inc., as its new chief merchandising officer. Mr. Homeister will join the company in the newly created role June 10. The company also promoted marketing chief Frank Hamlin to the new role of chief customer officer.

The latest shuffle of executives comes after the company named George Sherman, the former chief of Victra, a retail chain that sells Verizon Wireless products and services, as its CEO in March. Mr. Sherman is the fifth person to serve as CEO since November 2017.

GameStop’s stock is down 40% this year as the chain has been hurt by the performance of its retail stores and consumers have increased the amount of games they buy digitally.

GameStop said in April it is undergoing a cost-savings and profit-improvement initiative for its current fiscal year. The company said earlier this year that it expected its total sales and comparable-store sales to fall between 5% and 10%.

GameStop settled a short-lived proxy spat with two shareholders earlier this year, agreeing to expand its board to 11 members from nine. The shareholders wanted GameStop to raise its current stock buyback plans to $700 million.

The company also has waded into the world of competitive gaming, or esports, and hopes to make its stores more of an experience for gamers and a place they can hang out.