Google CEO Eric Schmidt Resigns from Apples Board of Directors
Apple today announced that Dr. Eric Schmidt, chief executive officer of Google, is resigning from Apples Board of Directors, a position he has held since August 2006.
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, Apples CEO.
Unfortunately, as Google enters more of Apples core businesses, with Android and now Chrome OS, Erics 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 Apples Board.