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. Last Updated: 07/27/2016

Chief Exec Quits Apple

NEW YORK () -- Gil Amelio, the embattled chief executive of Apple Computers, quit Wednesday in a boardroom overhaul that expands the role of co-founder Steve Jobs in running the company.


Amelio was hired 1 1/2 years ago with the hope that he could revive Apple the same way he helped fix National Semiconductor where, as chief executive, he gained a reputation as a turnaround artist.


In addition to Jobs, Apple chief financial officer Fred Anderson also assumed new responsibilities in the company until a new chief executive is found, the company said in a statement.


The resignation is the latest blow to the troubled company, which has seen its Macintosh sales tumble amid doubts about its future, product problems and worries about a replacement for the aging Macintosh operating system.