The composition of Apple’s board will soon change as two longtime members are retiring.
Apple said Thursday that both former Vice President Al Gore and former Boeing CFO James Bell will step down.
Their retirements from the board will become effective in late February, marking the respective ends of a 21-year tenure for Gore and a nine-year tenure for Bell, Apple said in a filing with the Securities and Exchange Commission.
Apple CEO Tim Cook praised Gore for “contribut[ing] an incredible amount” to Apple’s work related to privacy and environmentalism and Bell for the “important perspectives and deep expertise he’s offered on audit, finance, and so much more over the years.”
MICROSOFT BRIEFLY OVERTAKES APPLE AS WORLD’S MOST VALUABLE COMPANY
Apple said its policy “generally” limiting board members from re-election once they turn 75 precipitated Gore and Bell’s upcoming departures from the board.
At the same time, the tech giant tapped former Aerospace Corporation CEO Wanda…
Read the rest: Source link
Check out our business apps and business podcasts sections, you will be inspired with the type of content we have there.