Larry Ellison Resigns as Apple Director
CUPERTINO, California—September 20, 2002—AppleŽ today announced that Lawrence J. Ellison, chairman and chief executive officer of Oracle Corporation, is resigning from Apple’s Board of Directors.
“I will continue to offer my advice to Steve and the executive management team at Apple, but my schedule does not currently allow me to attend enough of the formal board meetings to warrant a role as a director,” said Ellison.
“Larry has served Apple shareholders well as a director during the past five years,” said Steve Jobs, Apple’s CEO. “We’re looking forward to benefiting from his counsel on an informal basis going forward.”
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