Apple Board Announces the Resignation of Chairman and CEO Gil Amelio
CUPERTINO, Calif.–July 9, 1997–Apple today announced that Dr. Gilbert F.
Amelio, after consultation with Apple’s board of directors, has resigned
his positions as chairman of the board and chief executive officer, and
that the Company is initiating a search for a new CEO.
Until a new CEO is hired, Fred Anderson, executive vice president and chief
financial officer, will assume additional responsibilities for the
Company’s day-to-day operations, working closely with the board and the
executive management team, which includes: Fred Anderson – executive vice
president and chief financial officer Guerrino De Luca – executive vice
president, Marketing Dave Manovich – executive vice president, Worldwide
Sales and Service Jack Douglas – senior vice president, General Counsel and
Secretary Jim McCluney – senior vice president, Operations Jon Rubinstein –
senior vice president, Hardware Engineering Avie Tevanian – senior vice
president, Software Engineering
During the interim period, Apple’s co-founder and strategic advisor Steve
Jobs will assume an expanded role as a key advisor to Apple’s board and
executive management team.
Heading the search for a new CEO will be a committee composed of Board Vice
Chairman A.C. Markkula Jr., Apple Board Director and Chairman of the Board
of E.I. du Pont de Nemours and Co. Edgar S. Woolard Jr., Executive Vice
President and Chief Financial Officer Fred Anderson, and Apple’s strategic
advisor Steve Jobs.
“In recent months, Apple has made significant progress in addressing the
crises which were threatening its viability,” said Woolard. “In pursuit of
the best interest of our shareholders and our customers, we now want to
move forward and return the Company to growth and sustainable
profitability. We believe that with a customer focused CEO and Apple’s
product and technology portfolio, the Company will have the necessary
ingredients to return to success.”
“The Company has improved its cash position, reduced operating expenses and
improved product quality” said Anderson. “We have also introduced a series
of outstanding products, developed a long-term operating system strategy
and consolidated our marketing and sales organizations. The executive
management team is committed to continue to build on this foundation”.
Ellen Hancock, executive vice president of Technology, has also announced
that she will be leaving the Company. Her responsibilities have been
reassigned to Avie Tevanian and Jon Rubinstein.
Apple will announce its third fiscal quarter results on Wednesday July 16,
Apple Computer, Inc., a recognized innovator in the information industry
and leader in multimedia technologies, creates powerful solutions based on
easy-to-use personal computers, servers, peripherals, software, handheld
computers and Internet content. Headquartered in Cupertino, California,
Apple develops, manufactures, licenses and markets solutions, products,
technologies and services for business, education, consumer, entertainment,
scientific and engineering and government customers in more than 140
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