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Apple appoints Ronald D. Sugar to its board of directors

post #1 of 27
Thread Starter 
Apple on Wednesday announced that Dr. Ronald D. Sugar, former Chairman of the Board and CEO of Northrop Grumman Corporation, was appointed to the company's board of directors.

Sugar will serve as the Chair of the Audit and Finance Committee for Apple. He served as Chairman and Chief Executive Officer at Northrop Grumman Corporation from 2003 until his retirement in 2010. Previous to Northrop, he held executive positions at Litton Industries and TRW Inc., where he served as chief financial officer.

"Ron is an engineer at heart, who then became a very successful business leader. We are very excited to welcome him to Apples Board," said Apple Chief Executive Steve Jobs. "In addition to having been the CEO of a high-tech Fortune 100 company, Ron has a Ph.D. in engineering and has been involved in the development of some very sophisticated technology."

Sugar is a member of the National Academy of Engineering and a fellow of both the American Institute of Aeronautics and Astronautics and the Royal Aeronautical Society. He is also a director of Chevron Corporation, Amgen Inc. and Air Lease Corporation, and serves as a senior advisor to the private investment firm Ares Management LLC.

"I have always had enormous admiration for the people of Apple," Sugar said. "It is a special privilege to serve on the board of such an amazing company."

Sugar is a trustee of the University of Southern California, where he also holds the Judge Widney Chair as Professor of Management and Technology. He is a member of the boards of UCLA Anderson School of Management, the Los Angeles Philharmonic Orchestra and several other philanthropic organizations focused on children and education.

He graduated summa cum laude in engineering in 1968 from the University of California, Los Angeles, where he also received masters and doctorate degrees in the same field. He subsequently completed executive programs at Stanford, Wharton and Harvard.
post #2 of 27
Hope this former airplane builder exec makes more contributions to Apple Inc than a notorious sugar water salesman did.

Guess I'll have to look at his bio to see specifically what computer and marketing qualifications he brings to the table.
post #3 of 27
He seems like a nice pick but I'd like someone who is more educated.
post #4 of 27
Quote:
Originally Posted by Felix01 View Post

Hope this former airplane builder exec makes more contributions to Apple Inc than a notorious sugar water salesman did.

Guess I'll have to look at his bio to see specifically what computer and marketing qualifications he brings to the table.

There's a big difference between a Board Member and a CEO. Members of the Board get involved only in very large strategic and policy decisions (such as acquisitions) as well as corporate governance and big legal issues. In addition, they hire the CEO. And they only work for the company part-time, usually just showing up for monthly or quarterly Board meetings.

A CEO runs the company day-to-day, although many CEOs only involve themselves in overall strategy and the biggest sales relationships. Obviously, Jobs is a very hands-on CEO. Board Members do not need specific computer or marketing qualifications.
post #5 of 27
Quote:
Originally Posted by tabletop96 View Post

He seems like a nice pick but I'd like someone who is more educated.

You kidding me? more educated? the guy is a phd in engineering which is incredibly hard to earn
post #6 of 27
iF-16.

Cool.

Lockheed, start your photocopiers!
post #7 of 27
Quote:
Originally Posted by FastRunner View Post

You kidding me? more educated? the guy is a phd in engineering which is incredibly hard to earn

I think he was being sarcastic...
post #8 of 27
Quote:
Originally Posted by zoetmb View Post

There's a big difference between a Board Member and a CEO. Members of the Board get involved only in very large strategic and policy decisions (such as acquisitions) as well as corporate governance and big legal issues. In addition, they hire the CEO. And they only work for the company part-time, usually just showing up for monthly or quarterly Board meetings.

A CEO runs the company day-to-day, although many CEOs only involve themselves in overall strategy and the biggest sales relationships. Obviously, Jobs is a very hands-on CEO. Board Members do not need specific computer or marketing qualifications.

Many Board Members seem to be seat-fillers and add no value to companies. They exist to collect a check for agreeing with the people who brought them in. ...No bitterness here, but most of these people exist for dubious reasons.

Proud AAPL stock owner.

 

GOA

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Proud AAPL stock owner.

 

GOA

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post #9 of 27
Apple Jet?
Cubist
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Cubist
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post #10 of 27
Quote:
Originally Posted by SpamSandwich View Post

Many Board Members seem to be seat-fillers and add no value to companies. They exist to collect a check for agreeing with the people who brought them in. ...No bitterness here, but most of these people exist for dubious reasons.

I get the sense that the Apple board is rather important. If nothing else it's a sounding board of very powerful "grownups" for Jobs. This choice is interesting in that the conventional wisdom is that Apple is intentionally giving up on business markets (e.g., through it's handling of xServe) in favor of consumer goods. Obviously this guy has zero experience on the consumer goods side and it a classic big-business guy.
post #11 of 27
Quote:
Originally Posted by city View Post

Apple Jet?

Oh come on, you mean iJet !

Actually, I like iFighter better.
No Matte == No Sale :-(
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No Matte == No Sale :-(
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post #12 of 27
degrees from UCLA and trustee at USC?
Maybe he is being brought in to smooth things over with Adobe
post #13 of 27
. . .
Dick Applebaum on whether the iPad is a personal computer: "BTW, I am posting this from my iPad pc while sitting on the throne... personal enough for you?"
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Dick Applebaum on whether the iPad is a personal computer: "BTW, I am posting this from my iPad pc while sitting on the throne... personal enough for you?"
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post #14 of 27
This site needs more grown ups as well.
post #15 of 27
Quote:
Originally Posted by quinney View Post

Maybe he is being brought in to smooth things over with Adobe

Fat chance.

As long as Steve Jobs is CEO, Apple's relationship with Adobe will continue to be prickly.
post #16 of 27
Interesting that we seem to have higher standards for those who sit on ceremonial corporate boards than we do for those who run (or run for running) our country. "I've got opinions and a BA from Spearfish State College so I am qualified to run the free world!"
A.k.a. AppleHead on other forums.
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A.k.a. AppleHead on other forums.
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post #17 of 27
Quote:
Originally Posted by cvaldes1831 View Post

Fat chance.

As long as Steve Jobs is CEO, Apple's relationship with Adobe will continue to be prickly.

I think you missed his joke. USC . . . UCLA . . . famous rivalry . . . ? He's associated with both schools . . .
A.k.a. AppleHead on other forums.
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A.k.a. AppleHead on other forums.
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post #18 of 27
Northrop Grumman Corporation - A Leader in Global Security
Designer, systems integrator and manufacturer of military aircraft, defense electronics, precision weapons, commercial and military aerostructures.

"We must guard against the acquisition of unwarranted influence, whether sought or unsought, by the military-industrial complex. The potential for the disastrous rise of misplaced power exists and will persist. We must never let the weight of this combination endanger our liberties or democratic processes. We should take nothing for granted. Only an alert and knowledgeable citizenry can compel the proper meshing of the huge industrial and military machinery of defense with our peaceful methods and goals, so that security and liberty may prosper together."

-President Dwight D. Eisenhower, Republican, five-star general, Supreme Commander of the Allied forces in Europe, Supreme Commander of NATO
post #19 of 27
Quote:
Originally Posted by malax View Post

I get the sense that the Apple board is rather important. If nothing else it's a sounding board of very powerful "grownups" for Jobs. This choice is interesting in that the conventional wisdom is that Apple is intentionally giving up on business markets (e.g., through it's handling of xServe) in favor of consumer goods. Obviously this guy has zero experience on the consumer goods side and it a classic big-business guy.

Perhaps he keeps Apple in good stead with the military and government procurement offices..?

Proud AAPL stock owner.

 

GOA

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Proud AAPL stock owner.

 

GOA

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post #20 of 27
Sweet!
post #21 of 27
Hey Sugar!
Mac Pro 5,1: 12 x 2.93GHz / 64 GB / ATI 5870 / 1.5+2+2+2+3TB / ACD 30" + 20"
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Mac Pro 5,1: 12 x 2.93GHz / 64 GB / ATI 5870 / 1.5+2+2+2+3TB / ACD 30" + 20"
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post #22 of 27
Interesting that he will chair the finance committe while that worthless Bill Campbell, ex-CEO of Intuit sits around and collects a paycheck. Why is Campbell still on the board?
post #23 of 27
Quote:
Originally Posted by Dlux View Post

Interesting that he will chair the finance committe while that worthless Bill Campbell, ex-CEO of Intuit sits around and collects a paycheck. Why is Campbell still on the board?

All boards are pretty much old boys clubs. The rich getting richer by doing less and less. Would be nice if some actual workers were on the board, or a member selected from a corps of non-partisan watchdogs especially trained and vetted for this purpose. The President should form a "Board Corps" for this purpose. Retired newsmen or accountants might be fertile recruiting grounds.

My beef isn't just with conservatives either. It pisses me off that stars and celebrities won't even show up unless they get outrageously expensive free gift bags. Yeah, like they really need free stuff.

Thank you for bearing with my morning rant. I feel so much better now.
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A.k.a. AppleHead on other forums.
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post #24 of 27
Quote:
Originally Posted by Robin Huber View Post

Interesting that we seem to have higher standards for those who sit on ceremonial corporate boards than we do for those who run (or run for running) our country. "I've got opinions and a BA from Spearfish State College so I am qualified to run the free world!"

Are you talking about the President of the USA, who went to Harvard Law and taught at the University of Chicago, or the half term governor from Alaska who quit her job when it was too hard.

Some of us do have standards.
post #25 of 27
Sounds like an excellent choice. Wasn't there another open board position to fill?
post #26 of 27
Quote:
Originally Posted by squareback View Post

Are you talking about the President of the USA, who went to Harvard Law and taught at the University of Chicago, or the half term governor from Alaska who quit her job when it was too hard.

Some of us do have standards.

Didn't want to start a partisan political fight, but if the shoe fits . . .
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post #27 of 27
[QUOTE=hypercommunist;1754201]Northrop Grumman Corporation - A Leader in Global Security
Designer, systems integrator and manufacturer of military aircraft, defense electronics, precision weapons, commercial and military aerostructures.

Exactly, bloody weapons manufacturer. Have to say I am uncomfortable with that.
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