il Amelio quit under pressure as Apple Computer's CEO, president, and chairman on July 9. Apple co-founder and former CEO Steve Jobs will as
sume an expanded role at the troubled systems manufacturer.
Apple also announced the resignation of Ellen Hancock, the executive VP of technology who was brought in by Amelio. Avie Tevanian and Jon Rubinstein, formerly with Jobs' Next Software Inc., have assumed Hancock's duties.
Apple's board said the struggling company needed new leadership to return to profitability. Apple executives say they have begun a search for a new CEO. Chief financial officer Fred Anderson will assume some of the day-to-day operations handled by Amelio until a replacement
is found.
Anderson said Jobs' expanded advisory role will include developing strategies for products, marketing and sales, and business partnerships. He did not discount the possibility that Jobs would be considered for the CEO position. "That would be speculation on my part," said Anderson. However, he added that "it is my belief Steve is very comfortable [remaining] CEO of Pixar," The high-end computer graphics and animation firm that produced the hi
t film Toy Story.
Amelio came to Apple in February 1996, touted as a turnaround specialist based on his performance at chipmaker National Semiconductor. During
the quarter in which he arrived, Apple posted a loss of $740 million. In the subsequent four quarters, the company reported a cumulative net loss of $860 million.
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il Amelio quit under pressure as Apple Computer's CEO, president, and chairman on July 9. Apple co-founder and former CEO Steve Jobs will as
sume an expanded role at the troubled systems manufacturer.
