Philippe Sanchez, The President and CEO of PhotoWorks, has announced his resignation according to Business Wire. Sanchez will, however, stay with the company as an advisory board director.
Sanchez stated that in 2003 he was brought on board to drive a turnaround, and his task was successfully completed. He guided the transformation of the Seattle based mail-order film processing business into a leading internet-based digital photo-publishing company.
Chairmen Joseph Waichter thanked Sanchez for his great job of turning PhotoWorks into a growing company again and stated that they looked forward to his continued contribution on the board.