Apple Announces New Board of Directors

MacWorld Expo, Boston--August 6, 1997--Apple Computer Inc. today announced significant changes to its Board of Directors, replacing all but two former directors with four new hands-on industry executives. Apple's new Board is now composed of six directors:

• Bill Campbell, president and CEO of Intuit Corp. Campbell was vice president of Sales and Marketing for Apple Computer from 1983 to 1987, and head of Apple's Claris software subsidiary from 1987 to 1991.
• Gareth Chang, senior vice president of Hughes Electronics and president of Hughes International. Chang has served on the Board of Apple since September 1996.
• Larry Ellison, chairman and CEO of Oracle. Ellison was the founder of Oracle which has grown to be the second largest software company in the world.
• Steve Jobs, chairman and CEO of Pixar Animation Studios, creators of the Academy Award winning "Toy Story", the world's first computer-animated feature film. Jobs was a co-founder of Apple in 1976, and has been an advisor to Apple during the past several months.
• Edgar Woolard, chairman of the board of E. I. DuPont de Nemours and Co., and previously chief executive officer of DuPont. Woolard has served on the Board of Apple since June 1996.
• Jerry York, former CFO of IBM and Chrysler Corporation, and vice chairman of Tracinda. York is widely acknowledged for his contributions at Chrysler and IBM during their turn-arounds.

The company is in the process of recruiting a new Chief Executive Officer, who will also join the Board. The new Board has decided not to name a Chairman until the new Chief Executive Officer has been selected.

Resigning from the Apple Board are Mike Markkula, Katherine Hudson, and Bernard Goldstein. This follows the recent resignations of Delano Lewis and Gilbert Amelio.

"On behalf of the Board, I would like to thank Mr. Markkula, Ms. Hudson, and Mr. Goldstein for their contributions to Apple during a very difficult time in its history" said Woolard.

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 countries.

Press Information Contact
Katie Cotton
Apple Computer, Inc.
(408) 974-7269
email: katiec@apple.com
 

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