Jerry McDougal in happier times
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.
"Retail has an incredibly strong network of leaders at the store and regional level, and they will continue the excellent work they’ve done over the past decade to revolutionize retailing with unique, innovative services and a focus on the customer that is second to none. Jim Bean is moving to Retail to help support our store teams. Jim has been at Apple for 15 years and is a great leader who understands our culture and focus on customer service."-Steve Dowling, Apple spokesman