This is pretty amazing:
Compaq CEO And CFO Resign
HOUSTON (Reuters) - In a stunning fallout from its recent financial turmoil, Compaq Computer Corp. (NYSE:CPQ -
news), the world's No. 1 personal computer maker, Sunday said its chief executive and chief financial officer have resigned.
In a statement, the company's board of directors said they named Chairman Ben Rosen and two vice-chairmen to a
three-man office of the chief executive, and that Ben Wells, Compaq's treasurer, has been named as acting chief financial
officer.
The office of the chief executive, which, effective immediately, will begin overseeing the company's day-to-day operations,
will also include Frank Doyle and Robert Ted Enloe, both of whom serve as Compaq directors and vice chairmen.
Rosen, who has served as chairman of the Houston-based company since he co-founded the company in 1982, will serve as
acting chief executive, pending the selection of a new chief executive to replace Pfeiffer, who resigned Sunday.
Doyle, a former top marketing executive at General Electric Co. and Enloe, a financial services executive and the second
longest serving member of the Compaq board, after Rosen, will be actively involved at Houston headquarters.
In a phone interview following the announcement, Rosen said Mason, the company's chief financial officer, had resigned in
order to take the top executive position at an as-yet-undisclosed company outside the computer industry. |
