Apple has announced that board member Jerry York has died at age 71.
According to media reports, York suffered a brain aneurysm on Thursday and was taken to a hospital close to his home near Pontiac, Michigan.
York had been a member of Apple's board for 13 years, helping guide the company out of financial troubles and overseeing Apple's rise in the consumer electronics space.
"Jerry joined Apple’s board in 1997 when most doubted the company’s future. He has been a pillar of financial and business expertise and insight on our board for more than a dozen years,” said Apple co-founder and chief executive Steve Jobs.
“It’s been a privilege to know and work with Jerry, and I’m going to miss him a lot.”
York was renowned for his ability to turn around ailing corporations. Prior to joining Apple's board, he helped IBM execute its corporate makeover as chief financial officer in the early 1990s.
York was also said to have played a key role in the makeover of US automobile manufacturer Chrysler, serving as chief financial officer under Lee Iacocca in the 1980s.
At the time of his death, York had been serving as chief executive of investment firm Harwinton Capital along with his position on Apple's board of directors.
IBM and Technical University of Munich team demonstrate how Shor's algorithm, which can't be cracked by conventional computers, can be solved quickly with quantum computing
Hubble Space Telescope finds superflares from young red dwarfs could strip away planetary atmosphere
Younger stars are 100 to 1,000 times more energetic than when they're older
Two of the big four supermarkets will use the system to control sales of restricted products
PUBG news and updates: November's Update #23 to bring new Skorpion pistol and changes to blue zone visibility
Genuinely useful side-arm coming to PUBG in Update #23