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3dfx CEO Resigns

by Steve Gibson Oct 07, 1999 5:09pm CST tags: 3dfx
Woah, pretty big news sent in by Sean Simon, 3dfx has announced the resignation of their CEO. Greg Ballard. This can't be a good thing. Here you go:

3dfx Interactive® Inc. (Nasdaq: TDFX - news) today announced that L. Gregory Ballard, its president and chief executive officer, has resigned effective October 31, 1999. The Board of Directors announced that an immediate search would begin for his successor.
<snip>
``Greg has contributed greatly to the success of the Company, and we are sad to see him leave,'' said Gordon Campbell, founder and chairman of 3dfx Interactive, Inc., on behalf of the Board of Directors. ``The Board will take this opportunity to bring in an executive to continue the exceptional growth that 3dfx has enjoyed. I have pledged my time and efforts to seeing that the transition is smooth and causes no disruption to the conduct of our growing business.''

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