Gateway CEO Abruptly Resigns

Gateway chief executive Wayne Inouye abruptly stepped down on Thursday amid the company's struggles to stay relevant in an industry increasingly dominated by Dell and HP. In Inyoue's place, chairman and director Rick Snyder would serve as the company's interim CEO. According to a statement from the company, Inouye left to pursue "other interests," but would serve in an advisory role until a permanent successor is named.

"On behalf of the Board, I want to thank Wayne for his efforts during the
past two years to stabilize and build the company," Snyder said in a statement. He also said he would continue Inouye's work on bringing the company back to profitability. A new permanent CEO is expected to be named by late summer, the company said.