Google CEO resigns from Apple's Board of Directors

Posted on Monday, Aug 03 2009 @ 19:00 CEST by Thomas De Maesschalck
As expected, Google CEO Eric Schmidt resigned from Apple's Board of Directors due to conflicts of interest. Schmidt had been on Apple's board since August 2006 but has to leave due to Android and the development of the Chrome OS, which are both products that compete with Apple's lineup.
“Eric has been an excellent Board member for Apple, investing his valuable time, talent, passion and wisdom to help make Apple successful,” said Steve Jobs, Apple’s CEO. “Unfortunately, as Google enters more of Apple’s core businesses, with Android and now Chrome OS, Eric’s effectiveness as an Apple Board member will be significantly diminished, since he will have to recuse himself from even larger portions of our meetings due to potential conflicts of interest. Therefore, we have mutually decided that now is the right time for Eric to resign his position on Apple’s Board.”

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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