Apple has announced Oracle CEO Larry Ellison has resigned its board of directors. Ellison, who was Apple’s only board member to attend fewer than 75% of the company’s meetings in fiscal 1999, 2000 and 2001, blamed a lack of time for his decision.
I will continue to offer my advice to Steve and the executive management team at Apple, but my schedule does not currently allow me to attend enough of the formal board meetings to warrant a role as a director, said Ellison.
Larry has served Apple shareholders well as a director during the past five years, said Steve Jobs, Apple’s CEO. We’re looking forward to benefiting from his counsel on an informal basis going forward.