Executive shuffle at Gateway

 

latest developments

Founder Ted Waitt will step down as CEO, capping a very successful run for the PC maker. "What Ted has done that has been instrumental in the last year is assemble a top-notch management team." - Ashok Kumar, analyst with US Bancorp Piper Jaffray

Gateway founder Waitt will step down as CEO update Ted Waitt will continue on with the company as chairman of the board; Jeff Weitzen, who will also continue to hold his current title of president, will become the new CEO next year. previous coverage Gateway founder Waitt expected to drop CEO role Ted Waitt is preparing to step down from his role as CEO of the PC maker, although he will retain his position as chairman. AOL partnership calls Gateway ISP into question Gateway is wasting no time stretching the legs of its partnership with America Online, but the far-reaching agreement appears to raise some strategic questions for the PC maker.