Wayne Inouye, CEO of Gateway Resigns

JengoJengo Pasco, WA | USA
edited February 2006 in Science & Tech
After a dissapointing year for Gateway, President and CEO Wayne Inouye resigns from his poistion to pursue "other interests". Meanwhile, Gateways Chairman of the Board Richard Snyder fills in temporarily until they can find a Permanent replacement for Inouye.
Inouye's short stint at Gateway started in March of 2004, when Gateway acquired computer-maker eMachines, where Inouye had been CEO since 2001.

One of Inouye's first moves after taking the helm was to shut down Gateway's nearly 200 U.S. retail stores that were draining money from the company. He then led Gateway to reach retail agreements with top retailers including Best Buy, Circuit City, Staples, and CompUSA.

During his tenure, Inouye steered Gateway to several profitable quarters, although the company's latest earnings reported last week missed analyst expectations.
Source: PCWorld
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