J. Edward Coleman - Seasoned Technology Executive and Accomplished Transformation Leader - Named Chief Executive Officer of Gate
September 07 2006 - 6:30PM
PR Newswire (US)
IRVINE, Calif., Sept. 7 /PRNewswire-FirstCall/ -- The Gateway, Inc.
(NYSE:GTW) Board of Directors today announced the appointment of J.
Edward Coleman, 54, as chief executive officer. Coleman replaces
Rick Snyder, who has served as interim CEO since February and will
remain Chairman of Gateway's Board of Directors. (Photo:
http://www.newscom.com/cgi-bin/prnh/20060907/LATH092 ) A 30-year
veteran of the technology industry, Coleman's broad-based
experience includes sales and marketing, operations, IT services
and finance roles with some of the world's most successful
technology companies. He has a proven record of helping companies
to identify new growth opportunities and the strategies needed to
capture this growth. As CEO and Chairman of CompuCom, Coleman
successfully transformed the company's model to a services-led
business from its PC reseller legacy, an achievement that led to
Coleman being named one of Computer Reseller News' "Top 25
Executives" in 2003 and the recipient of the VARBusiness 500
"Lifetime Achievement Award" in 2004. "On behalf of the Board, we
are extremely pleased to have a proven leader with strong
experience in leading and transforming a public company in the IT
industry," Snyder said. "In recent months we've made great strides
to stabilize our overall business. Under Ed's leadership, we expect
to accelerate the development and execution of the strategic plans
for our Professional and Direct businesses, while at the same time
continuing to grow our successful Retail and International
operations." "Joining Gateway at this critical juncture in its
storied 21-year history is a tremendous opportunity," said Coleman.
"Gateway is one of the most recognizable brands in technology. I
look forward to working with Gateway's employees and stakeholders
to meet the challenges ahead and position the company to better
capitalize on its strengths." Coleman joins Gateway from Arrow
Electronics, Inc., a major global provider of products, services
and solutions to industrial and commercial users of electronic
components and computer products, where he served as senior vice
president and president, Arrow Enterprise Computing Solutions.
Previously, he led CompuCom Systems, Inc., a $1.4 billion IT
services and solutions provider headquartered in Dallas, Texas,
serving as CEO from December 1999 until November 2004 and as
Chairman from 2001 to 2004. Prior to joining CompuCom, Coleman
served in various leadership roles at Computer Sciences
Corporation, where he was instrumental in growing the IT
outsourcing business and integrating the company's outsourcing,
systems integration and management consulting capabilities. Coleman
spent 17 years at IBM in various executive positions, including
head of IBM Credit's used equipment and channel financing
businesses, and led New Jersey-based integrator MTS from 1993 to
1995. He earned a bachelor's degree in economics from the College
of William and Mary, and holds a master's degree in business
administration/marketing from Indiana University. As Chairman,
Snyder will work closely with Coleman and the leadership team to
ensure a smooth transition. Coleman will assume his new role on
September 18 and join Gateway's Board of Directors. About Gateway
Since its founding in 1985, Irvine, Calif.-based Gateway (NYSE:GTW)
has been offering award-winning PCs and related products to
consumers, businesses, government agencies and schools with highest
quality and service and best overall value. Gateway is now the
third largest PC company in the U.S. and among the top ten
worldwide. The company's value-based eMachines brand is sold
exclusively by leading retailers worldwide, while the premium
Gateway line is available at major retailers, over the web and
phone, and through its direct and indirect sales force. See
http://www.gateway.com/ for more information. Special note This
press release contains forward-looking statements that involve
risks and uncertainties, as well as assumptions that, if they do
not materialize or prove incorrect, could cause Gateway's results
to differ materially from those expressed or implied by such
forward-looking statements. All statements, other than statements
of historical fact, are statements that could be forward-looking
statements, including any projections or preliminary estimates of
earnings, revenues, or other financial items; any statements of
plans, strategies and objectives of management for future
operations; the extent of seasonal changes in demand; any
statements regarding proposed new products, services or
developments; any statements regarding future economic conditions
or performance; statements of belief and any statement of
assumptions underlying any of the foregoing. The risks that
contribute to the uncertain nature of these statements include,
among others, risks related to shifting our distribution model to
third-party retail; competitive factors and pricing pressures,
including the impact of aggressive pricing cuts by larger
competitors; general conditions in the personal computing industry,
including changes in overall demand and average selling prices,
shifts from desktops to mobile computing products and information
appliances and the impact of new microprocessors and operating
software; the ability to simplify the company's business, change
its distribution model and restructure its operations and cost
structure; component supply shortages; short product cycles; the
ability to access new technology; infrastructure requirements;
risks of international business; foreign currency fluctuations;
risks relating to new or acquired businesses, joint ventures and
strategic alliances; risks related to financing customer orders;
changes in accounting rules; the impact of litigation and
government regulation generally; inventory risks due to shifts in
market demand; the impact of employee reductions and management
changes and additions; and general economic conditions, and other
risks described from time to time in Gateway's Securities and
Exchange Commission periodic reports and filings. Gateway assumes
no obligation to update any forward-looking statements to reflect
events that occur or circumstances that exist after the date on
which they were made. ADDENDUM: Biography J. Edward Coleman,
Gateway, Inc. Chief Executive Officer J. Edward Coleman, 54, is
chief executive officer of Gateway, Inc. A 30-year veteran of the
computer industry, he is a proven leader with a broad-based
background that includes a variety of sales and marketing,
operations, IT services and finance roles with some of the world's
most successful technology companies. Before joining Gateway in
September 2006, he served as senior vice president and president,
Enterprise Computing Solutions for Arrow Electronics, Inc., a major
global provider of products, services and solutions to industrial
and commercial users of electronic components and computer
products. Previously, Coleman was chairman, president and CEO of
CompuCom Systems, Inc., a $1.4 billion IT services and solutions
provider headquartered in Dallas, Texas. He led CompuCom as CEO
from December 1999 until November 2004 and as Chairman from 2001 to
2004. Prior to joining CompuCom, Coleman served in various
leadership roles at Computer Sciences Corporation, IBM and New
Jersey-based integrator MTS. Coleman has been recognized in the
industry for his achievements at CompuCom in successfully
transforming its business model to a services-led business from its
PC reseller legacy. In 2003, Coleman was named one of Computer
Reseller News' "Top 25 Executives". He was also the recipient of
the 2004 VARBusiness 500 "Lifetime Achievement Award." He earned a
bachelor's degree in economics from the College of William and
Mary, and holds a master's degree in business
administration/marketing from Indiana University. Coleman serves on
the Board of Advisors of the College of William and Mary School of
Business, and is a member of the Board of Directors of Red Oak
Software. http://www.newscom.com/cgi-bin/prnh/20060907/LATH092
DATASOURCE: Gateway, Inc. CONTACT: Media, David Hallisey,
+1-949-471-7703, , or Investors, Marlys Johnson, +1-605-232-2709, ,
both of Gateway, Inc.; or Joele Frank or Barrett Golden, both of
Joele Frank, Wilkinson Brimmer Katcher, +1-212-355-4449, for
Gateway, Inc. Web site: http://www.gateway.com/
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