Formichelli Joins Gateway

By Jeffrey Burt  |  Posted 2003-01-06

Gateway Inc., the hard-hit PC maker that has tried various strategies to stem the tide of poor quarterly financial reports, is starting the new year with a new executive vice president of operations.

Joe Formichelli, a 30-year industry veteran whose resume includes runs as vice president of worldwide systems operations at IBM and vice president and general manager of Toshibas Computer Systems Group, will be responsible for Gateways performance on everything from PC sales to its nationwide chain of 272 Gateway Country Stores.

In announcing his appointment, Gateway Chairman and CEO Ted Waitt said Formichelli will be instrumental as "Gateway continues to evolve from a PC maker into a provider of personalized technology solutions [in] ensuring that our operational excellence is on par with any competitor."

But it will be a tough battle. Gateway, of Poway, Calif., hasnt had a profitable quarter since 2000, and just completed a poor holiday season that saw the company—like other competitors