Gateway founder and chairman Ted Waitt has left the company to work on other ventures and interests reports PCWorld.com.
“Waitt, who served as Gateway chairman for 20 years, said he is leaving to concentrate on the other businesses he owns and to do more philanthropic work. “My interests are vast and varied and I’d like to be able to take on some new challenges in the next 20 years,” Waitt said in a statement.
New chairman Snyder has been a director at the company since 1991 and served as president and chief operating officer of Gateway from January 1996 to August 1997. He also held the position of executive vice president from 1991 to 1996. Along with Waitt, he helped lead the company’s initial public offering. “
