Larry Ellison Resigns as Apple Director

Apple today announced that Larry Ellison, chairman and CEO of Oracle, is resigning from Apple’s Board of Directors. “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.”

MacDailyNews hopes Larrry will be making some of his usual juicy, off-the-wall comments at a later date. Press release here.

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