Oracle CEO Larry Ellison is expected to take a seat on the board of Apple and wants to put co-founder Steve Jobs in the hot seat as chairman and CEO.
According to French reports, Ellison is poised to join Apple as a director on the board, helping the troubled manufacturer in an advisory role but retaining control of Oracle.
Ellison was reported as saying: ?Rumours of my interest are well-founded. On Monday we?ll introduce Apple?s new management team and I?m part of it.? Ellison said he would invest some of his personal fortune ? estimated at $6 billion ? but would not specify how much.
Ellison also stated that Jobs would take the position of chairman and CEO offered to him by the Apple board, despite earlier claims by Jobs that he intended to stay at animation company Pixar, which he heads. Analysts argued that until Jobs? role was clarified, Apple would be unable to appoint a CEO.
Speculation that Jobs would take the top position sent Apple?s stock soaring by five per cent to $19.188 on Nasdaq, the company?s highest share price since January. Jobs? role at Apple has intensified since the resignation of CEO Gil Amelio in July.
There was growing speculation that Apple would move over to a direct sales model after the manufacturer?s board was understood to have approached Joel Kocher, president of Macintosh clone vendor Power Computing, to join the company. Kocher previously worked as a senior executive at Dell. The direct selling success of his current firm and that of Umax has prompted Apple to follow suit.
Apple US confirmed that the board was actively working to bring on new members, but claimed that no decisions have yet been made. The only planned changes are to find a CEO.
Apple is expected to announce its management team this week at Mac World, held in Boston.
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