Segway Loses Another CEO

from the riding-off-into-the-sunshine dept

The Segway, obviously, has not at all lived up to the massive hype it generated in early 2001 concerning the mysterious device that would change cities. Since it finally launched in December of that year, the company has struggled, and one of the most noticeable issues is that they can’t seem to keep top executives. Nearly two years ago, we noted the series of presidents and marketing VPs who had come and gone in a short period of time, and now, their most recent CEO is leaving after just a year. Apparently, staying on top of a Segway is easier than staying at the top of Segway.

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