NEW YORK — Former HBO and Warner Music chief Michael Fuchs resurfaced Thursday as interim CEO and chairman of the board of MyTurn.com, a reconstituted tech company launching a business that builds inexpensive personal computers.
He displaces R.E. Turner IV, the son of Time Warner vice chairman Ted Turner. He will remain on MyTurn’s board.
Fuchs, who left Time Warner in 1995, became a director of MyTurn late last year. “It came to me in a strange way through a friend of a friend,” he said in an interview. The company, he said, reminds him “of the old days of cable.”
He will oversee day-to-day operations while he looks for another full-time CEO position.
Fuchs owns a chunk of Alameda, Calif.-based MyTurn, which is publicly traded. The company changed its name from Comp-Dawn and restructured about the time that Fuchs joined.
It launched a major manufacturing effort in China to produce the GlobalPC, an extra-simple computer that will sell for about $299 retail and is meant to target the millions of Americans without computers or Internet access. Some 50% of U.S. households are computerless, he said, with many intimidated by technology.
GlobalPC’s will be available in late spring.
Since Fuchs exited Warner (with a very tidy severance package), he has kept a low profile, serving on the boards of Autobytel Corp., Wink Communications, WhatsHotNow.com and Latin Communications Group.
His name has cropped up periodically in the press whenever jobs at big entertainment groups open up — like Sony before John Calley came on board or EMI last year — but nothing major materialized.
“I’m not interested at all in going back to that. This is a really entrepreneurial situation” without the politics and bureaucracy of a major conglom, he said. “I’m committed to the other side.”
MyTurn’s stock has had a wild ride in the past year, soaring from a 52-week low of $1.94 to a high of $34.94. The shares rose 3.4% Thursday to close at $20.94.