Apple's retail VP Jerry McDougal calls it quits

There seems to be a subtle change in the atmosphere at Apple. With the stock down 31% from its all time high made on the day that the Apple iPhone 5 launched, and as Wall Street analysts lower their target on the company's stock, there is a new feeling in the air around Cupertino. And now, some of the tech titan's executives are leaving the company. On Tuesday, Apple VP of Retail, Jerry McDougal, resigned. McDougal was considered to be a possible choice to fill the vacant office with title Senior VP of Retail on the door.

McDougal will be replaced by Jim Bean, formerly VP of Finance. Meanwhile, Apple is still looking for someone to replace John Browett, the man that was at the top of the totem pole at Apple's retail division. You might recall that Browett joined Apple last year after a stint at retailer Dixons and was quickly awarded a pay package worth as much as $61 million before getting canned by Apple.


source: ifoAppleStore via AllThingsD