GATEWAY 2000 President and COO Richard D. Snyder Resigns.NORTH SIOUX CITY, S.D.,--(BUSINESS WIRE)--July 28, 1997--Gateway 2000, Inc.(NYSE NYSE See: New York Stock Exchange :GTW GTW Gateway, Inc. (stock symbol) GTW Global Trade Watch GTW Grand Trunk Western (railroad) GTW Gatwick Airport GTW Global Trading Web (Commerce One B2B-platform) ), today announced that Richard D. Snyder, President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , will be leaving Gateway to assume the leadership of an entrepreneurial private venture capital fund to be headquartered in the vicinity of Ann Arbor, Michigan  “Ann Arbor” redirects here. For other uses, see Ann Arbor (disambiguation). Ann Arbor is a city in the U.S. state of Michigan and the county seat of Washtenaw County. . Ted Waitt, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Gateway 2000 stated, "Rick has been an outstanding asset of Gateway 2000 for these last six years. His leadership has taken us from a small direct manufacturer of desktop computers to a Fortune 500 worldwide leader of home and corporate computing. We are sad to see Rick leave but we wish him well in his new endeavor. "Rick will remain part of the Gateway family," said Waitt. "He will continue to serve as a member of our Board of Directors and we will look to Rick for his business counsel." Snyder commented, "I leave a great many memories behind, but I am looking forward to this opportunity and the chance to return to my family's home in Michigan. I have enjoyed being part of the team that launched a great American corporation, but I am happy that I will get the chance to work with a whole new group of technology entrepreneurs as they attempt to build the next Gateway." A search for a successor has been launched. Prior to joining Gateway in 1991, Mr. Snyder was a partner in the international accounting and consulting firm of Coopers & Lybrand, where he had directed the firm's Chicago office mergers and acquisitions practice since 1989. Prior to his tenure in Chicago, Snyder worked as a tax partner in the Detroit office of Coopers & Lybrand. He also served as an adjunct professor of accounting at the University of Michigan (body, education) University of Michigan - A large cosmopolitan university in the Midwest USA. Over 50000 students are enrolled at the University of Michigan's three campuses. The students come from 50 states and over 100 foreign countries. from 1982 to 1984. About Gateway 2000 Gateway (NYSE: GTW), a Fortune 500 company founded in 1985, is a leading global manufacturer and direct marketer of PC products. The company, headquartered in North Sioux City, South Dakota North Sioux City is a city in Union County, South Dakota, United States. It is part of the Sioux City/Iowa/Nebraska/South Dakota Metropolitan Statistical Area. The population was 2,288 at the 2000 census. , has manufacturing facilities in the United States, Ireland and Malaysia and employs over 10,000 people worldwide. Gateway products and services consistently win top awards from leading industry publications. For further information, visit Gateway at http://www.gateway.com. Contact: Angela Peacock, Corporate Communications 605/232-1686 |
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