Source link : https://tech365.info/as-we-speak-in-apple-historical-past-steve-jobs-begins-his-path-again-to-the-highest/
July 8, 1997: Steve Jobs begins his path to turning into chief govt officer of Apple, after former CEO Gil Amelio departs the corporate following an enormous quarterly loss. Additionally leaving Apple is Ellen Hancock, govt vp of know-how.
To run Apple’s day-to-day operations, CFO Fred Anderson takes over till a brand new CEO might be discovered. Jobs, in the meantime, strikes from strategic adviser to take “a more expanded role with Apple’s board and executive management team,” in keeping with CNN Cash.
Cupertino’s turnaround has began!
Shakeup at Apple as CEO Gil Amelio exits
Amelio and Hancock had solely been of their positions at Apple since 1996, each becoming a member of from Nationwide Semiconductor. Nevertheless, they had been unable to show Apple round rapidly sufficient to fulfill the corporate’s board of administrators.
The month earlier than the departures, Apple filed with the Securities and Trade Fee to say it will take the corporate longer than anticipated to return to profitability. Apple additionally famous that it wanted to chop 3,500 full-time jobs.
On the time, Jobs’ shift throughout the firm was not broadly commented upon. He had rejoined Apple late the earlier 12 months, following Apple’s acquisition of his firm NeXT. Jobs and, for a short time, Steve Wozniak, gave Apple followers a morale increase when the co-founders returned to the corporate.
The re-emergence of Steve Jobs
Jobs wasn’t instantly open about desirous to take over…
—-
Author : tech365
Publish date : 2025-07-09 10:07:00
Copyright for syndicated content belongs to the linked Source.
—-
1 – 2 – 3 – 4 – 5 – 6 – 7 – 8