Apple Says Riccio to Run Hardware as Bob Mansfield Retires
Apple Inc. (AAPL), the world's most valuable company, said Dan Riccio will take over as head of hardware engineering to succeed Bob Mansfield, who plans to retire in the coming months.
Riccio is currently the vice president in charge of iPad hardware engineering, the Cupertino, California-based company said today in a statement. Mansfield joined Apple in 1999 through an acquisition.
Mansfield worked closely with Apple design chief Jony Ive to ensure that products, including the iPhone, iPad and Mac, functioned as well as they looked. Riccio, a Mansfield lieutenant, has been "instrumental" in working on the iPad from the start, Apple said. In two years, Apple has used the iPad to become the leader in tablets, a market that DisplaySearch predicts will reach $66.4 billion this year.
"Bob has been an instrumental part of our executive team, leading the hardware engineering organization and overseeing the team that has delivered dozens of breakthrough products over the years," said Tim Cook, Apple's chief executive officer, said in the statement. "We are very sad to have him leave and hope he enjoys every day of his retirement."
Mansfield was often featured in Apple's promotional videos, talking about the company's engineering accomplishments.
His is the first major executive departure at Apple since retail head Ron Johnson left last year to become CEO of J.C. Penney Co. Johnson was replaced by John Browett, the former CEO of Dixons Retail Plc. (DXNS)
In the case of Mansfield's retirement, Cook is selecting an internal replacement. Riccio, who joined in 1998, "has been a key contributor to most of Apple's hardware," Apple said. He earned a bachelor's degree in mechanical engineering from the University of Massachusetts at Amherst in 1986, Apple said.
To contact the reporter on this story: Adam Satariano in San Francisco at asatariano1@bloomberg.net
To contact the editor responsible for this story: Tom Giles at tgiles5@bloomberg.net
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