Apple today sent out a press release announcing the resignation of Google CEO Eric Schmidt from Apple's board of directors. Schmidt was on the board since August 2006.
The resignation stems from the increasing conflicts of interest between Apple and Google as the search giant enters more business areas that encroach upon the Cupertino computer maker's traditional turf.
"Eric has been an excellent Board member for Apple, investing his valuable time, talent, passion and wisdom to help make Apple successful," said Steve Jobs, Apple's CEO. "Unfortunately, as Google enters more of Apple's core businesses, with Android and now Chrome OS, Eric's effectiveness as an Apple Board member will be significantly diminished, since he will have to recuse himself from even larger portions of our meetings due to potential conflicts of interest. Therefore, we have mutually decided that now is the right time for Eric to resign his position on Apple's Board."
This news comes at an interesting time after Google has had several of its iPhone apps rejected from the App Store.