by CIO Staff

Gateway CEO Resigns

Feb 09, 20061 min

On Wednesday, Gateway’s chief executive resigned from his post to pursue other interests, according to the company’s February 9 release.

Rick Synder, a current Gateway board director and former COO and president, will serve as interim CEO until a permanent replacement is found.

The company’s loss of Inouye comes amidst its recent scramble to stop ceding market share to rivals in the computer production space, like Dell.

Inouye took the chief executive reigns at Gateway just after the company’s March 2004 acquisition of smalltime PC maker eMachines, CNET reports.

Snyder is the chief executive and co-founder of Ann Arbor, Mich.-based Ardesta, a company that brings small technology products to the global marketplace.

Inouye will receive some $720,000 as part of his severance package–the equivalent of one year of his base salary, CNET reports.

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