Apple Computer Chief Named Vice Chairman

The New York Times

March 23, 1981

At the age of 38, Michael M. Scott, president and chief executive officer of Apple Computer Inc., the home computer maker, has been named vice chairman.

The Cupertino, Calif., company that drew strong Wall Street interest when it went public last December said that the restructuring of its top management, giving Mr. Scott the vice chairmanship, was designed ''to strengthen and focus our collective efforts as Apple evolves in the next several years as a major public corporation.''

Moving into the top spot will be A.C. Markkula Jr., 39, chairman of the board, who becomes president and chief executive. Steven P. Jobs, 26, a co-founder and vice chairman of Apple, succeeds Mr. Markkula as chairman.

Based on their shareholdings in Apple a year ago, all three executives are multimillionaires, with Mr. Scott holding 2.8 million shares, Mr. Markkula, 7 million and Mr. Jobs 7.5 million. Apple, which originally sold at $22, stood on Friday at $35.50.

In his new post, the company said, Mr. Scott will deal with ''long range business growth.''