Apple Names Its Chairman

The New York Times

Cupertino, Calif., Jan. 29, 1986 -- Apple Computer Inc. today named its president and chief executive, John Sculley, to the additional title of chairman. The announcement followed the company's annual shareholders meeting.

At the meeting, Mr. Sculley said Apple would have greater revenues and profits in 1986 and 1987 and would introduce products more often. He said he was committed to Apple's ''becoming the most exciting market driven company in the world.'' Apple's future plans include the in-house design of custom large scale integrated circuits, which Mr. Sculley said are essential for competition.

Copyright 1986 The New York Times Company