Apple Computer CEO Gil Amelio and Chief Technology Officer Ellen Hancock
resigned today, in a move that surprised many analysts. Chief Financial
Office Fred Anderson will assume additional duties while the company
searches for a new CEO. Additionally, Steve Jobs will "assume an expanded
role as a key advisor to Apple's board and executive management team,"
according to the company.
Next Wednesday, Apple Computer will announce its quarterly results, which
is expected to be a $70 million loss. Anderson said the company was unhappy
with recent financial results and the board discussed this with Amelio, who
then resigned. Amelio has faced constant criticism since he joined Apple
over a year ago, most notably for dropping $430 million on NeXT, Inc and
their retired operating system