Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Gateway CEO Resigns, Interim CEO Named
Feb 10, 2006
 Printable format
 Email this Article
 Search

The board of directors of business appliance maker Gateway, Inc. announced its CEO Wayne Inouye resigned. Rick Snyder, a former Gateway president and COO and current chairman and long-time Director, was named as interim chief executive until a permanent replacement is found.

Inouye, who became CEO following the March 2004 Gateway acquisition of eMachines, resigned to pursue other interests. Snyder will take over as CEO immediately and Inouye will serve in an advisory role to ensure a smooth transition.

Snyder, chairman, CEO and co-founder of Ardesta LLC of, a company focused on bringing small tech products to the global marketplace, has been a director of Gateway since 1991 when he joined the company as executive vice president. Snyder co-led the Gateway initial public offering with Gateway founder Ted Waitt. In January 1996, Snyder was promoted to president and chief operating officer, a position he held until leaving the company as an employee in August 1997.

Snyder said that neither he nor the Board envision any immediate major strategic changes at Gateway in terms of product offered or sales channels. "Having just approved the 2006 annual operating plan, I and the other directors believe the company is essentially on the right course for long-term growth, and that our employees and senior management team have a sense of urgency about improving the company's financial results," Snyder said. "However, we will take this opportunity to re-examine the strategic direction of Gateway to fine-tune our products, services and approach to our Professional and Consumer Direct markets."

The Board has begun a search for a permanent replacement CEO and expects to complete the search by late summer. While in his interim role, Snyder will step down temporarily from his positions as chairman of the Corporate Governance & Nominating Committee and member of the Audit Committee but will remain Chairman of the Board. In the interim, Board member Janet Clarke will become chair of the Corporate Governance and Nominating Committee and Board member George Krauss will join the Audit Committee.

Back to Daily News

 

Daily News

...........................................................

Jul 25, 2014: Whirlpool Refrigerator is First Commercial Application of Polyurethane Insulation Using HFO Blowing Agent

Jul 24, 2014: Remodeling Spending to Be Slower, But Still Strong, in Early 2015

Jul 23, 2014: Whirlpool North America Reports Record Operating Profits

Jul 23, 2014: Japan Destroyed 3.6 Million KG Fluorocarbons from Commercial Refrigerators and AC

Jul 22, 2014: Lennox International Reports Record Profit in Second Quarter

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows