Apple Board of Directors shuffle sees Al Gore & James Bell retire

Posted:
in AAPL Investors

As Al Gore and James Bell reach the Apple Board of Directors retirement age of 75, Dr. Wanda Austin joins the board.

An aerial view of Apple Park surrounded by greenery with a rainbow-colored structure at its center.
Apple Park



Apple's board of directors has been filled with some of the most prominent names in business and culture in recent history. As a rule of thumb, board members must retire at age 75, which has led to the latest departures.

Former Vice President Al Gore and former CFO and Corporate President of The Boeing Company James Bell are not eligible for re-election to Apple's board of directors in 2024. However, with their departure comes a new arrival in former president and CEO of The Aerospace Corporation Dr. Wanda Austin.

"Like Apple, I've always believed in the power of innovation to improve lives, support human potential, and shape a better future," said Dr. Austin. "I'm honored to join Apple's board of directors, and I look forward to being part of a company that's always creating new ways to empower people all over the world."

Dr. Austin is known for leading The Aerospace Corporation in dedication to supporting the U.S. space program and expanding opportunities for future exploration. She was the first woman and first African American to hold the position.

"We're deeply grateful to Al and James for their many years of service to Apple -- their insights, energy, and values have made us a stronger company in so many ways," said Apple CEO Tim Cook. "For more than 20 years, Al has contributed an incredible amount to our work -- from his unconditional support for protecting our users' privacy, to his incomparable knowledge of environment and climate issues. James's dedication has been extraordinary, and we're thankful for the important perspectives and deep expertise he's offered on audit, finance, and so much more over the years."

Al Gore has served on Apple's board since 2003, and James Bell since 2015.

Apple celebrates adding another great mind to its board. Dr. Austin's accomplishments extend beyond her tenure at The Aerospace Corporation, including acting as a leading advocate for STEM education.

She served on the board of Amgen and serves on the board of Chevron, where she is the lead independent director. She also served on the board of Virginia Galactic from 2019 until 2023.

Arthur D. Levinson still serves as the Chairman of the Board. Alex Gorsky, Andrea Jung, Monica Lozano, Ronald Sugar, and Susan Wagner remain on the board.



Read on AppleInsider

ronnBart Y
«1

Comments

  • Reply 1 of 36
    Reading thru the fine print, this jumped out at me: * APPLE INC ( AAPL ) - CEO TIM COOK'S TOTAL 2023 COMPENSATION WAS $63.2 MILLION VERSUS. $99.4 MILLION in 2022. RATIO OF 2023 ANNUAL TOTAL COMPENSATION OF CEO TO ANNUAL TOTAL COMPENSATION OF MEDIAN EMPLOYEE WAS 672 TO 1.
    Love TC and think he's a great CEO, but Holy Cow, that ratio is really embarrassing when you consider how hard Apple's C-Suite (many of whom make millions in salary every year, as you can see if you read through the annual report) is fighting collective bargaining efforts among store employees. 
    edited January 11 williamlondonronnd_2Alex_Vgrandact73byronlwatto_cobra
  • Reply 2 of 36
    entropysentropys Posts: 4,267member
    Moving away from political appointments to sector knowledge is an improvement.  And yes, CEO salaries are obscene.  Does anyone seriously believe Tim Apple wouldn’t do the CEO job if it was one fifth as much (or one tenth)? Their salaries are well past the point the actual amount matters. It is which CEO position it is that matters,  and if it doesn’t, they shouldn’t have the job.
    edited January 11 williamlondonwatto_cobra
  • Reply 3 of 36
    thttht Posts: 5,620member
    It’s amazing that Gore has been on the board since 2003! Joined the board when he was 55. It’s been a very quick 20 years and he experienced Apple’s growth rocket. 

    That was a good hire imo. Having a stereotypical CEO from another company, or a person whose job is “board member”, is too staid. With Gore, he brought some different perspectives. 

    A board member like a professor of anthropology or philosopher or futurist and in the dirt people like mayor or hospital administrator would make for interesting input. Need to have young, old, ambitious and reserved on the board. 
    dewmewilliamlondon9secondkox2mknelsonAulanironnchasmmichelb76Alex_VBart Y
  • Reply 4 of 36
    Compensation is NOT salary.    Compensation includes incentives (usually stock options) that are performance based.  And I think few would argue that TC hasn't been an exceptional CEO at Apple consistently setting performance records each year.   For accurate salary and compensation, as a long term shareholder, I'll read the 10K when it is released 
    chasmgregoriusmbyronlBart Ywatto_cobra
  • Reply 5 of 36
    Glad Gore is gone. What a reprehensible soul he is. 
    williamlondon9secondkox2Applejacsred oakbyronl
  • Reply 6 of 36
    I can think of a few other institutions that should have a mandatory retirement age at 75.
    williamlondonJblank74Applejacsmobirdchasmtyler82danoxbyronlthtForumPost
  • Reply 7 of 36
    Good riddance to Gore. A rare stain on the Apple board. 
    Jblank74Applejacsred oakbyronl
  • Reply 8 of 36
    The Gore haters are hilarious. 
    mknelsonAulanironntyler829secondkox2netroxpslicedanoxmichelb76Alex_V
  • Reply 9 of 36
    entropys said:
    Moving away from political appointments to sector knowledge is an improvement.  And yes, CEO salaries are obscene.  Does anyone seriously believe Tim Apple wouldn’t do the CEO job if it was one fifth as much (or one tenth)? Their salaries are well past the point the actual amount matters. It is which CEO position it is that matters,  and if it doesn’t, they shouldn’t have the job.
    That’s President Al Gore you’re speaking of and he deserved to be on the BoD.
    mknelsonAulaniwilliamlondonronntyler829secondkox2michelb76Bart Ywatto_cobra
  • Reply 10 of 36
    entropys said:
    Moving away from political appointments to sector knowledge is an improvement.  And yes, CEO salaries are obscene.  Does anyone seriously believe Tim Apple wouldn’t do the CEO job if it was one fifth as much (or one tenth)? Their salaries are well past the point the actual amount matters. It is which CEO position it is that matters,  and if it doesn’t, they shouldn’t have the job.
    That’s President Al Gore you’re speaking of and he deserved to be on the BoD.
    Please enlighten us as to his contribution?
    williamlondongrandact73
  • Reply 11 of 36
    Many feel if Al Gore had been President, 9/11 would not have happened.  Bush Admin. was advised to carefully watch threats from Middle East, which they failed to do.  What a FUBAR of an administration.  
    Aulaniwilliamlondonronntyler82Alex_VsconosciutoBart Ywatto_cobrajony0
  • Reply 12 of 36
    The Gore haters are hilarious. 
    …, juvenile and childish, and proof of the shit that pervades this world.
    ronnchasm9secondkox2Alex_Vwatto_cobrajony0
  • Reply 13 of 36
    chasmchasm Posts: 3,527member
    Jblank74 said:
    Glad Gore is gone. What a reprehensible soul he is. 
    I think you’re confusing him with yourself.
    9secondkox2ronnAlex_VwilliamlondonsconosciutoBart Ywatto_cobrajony0
  • Reply 14 of 36
    tyler82tyler82 Posts: 1,110member
    Unlike the last guy, Gore actually had an election stolen from him.
    edited January 11 ronnAlex_VwilliamlondonsconosciutoBart Ywatto_cobrajony0
  • Reply 15 of 36
    The Gore haters are hilarious. 
    True. Anything related to Gore is pretty funny. 

    His defenders far more so. 
    entropysred oakbyronl
  • Reply 16 of 36
    emoeller said:
    That’s President Al Gore you’re speaking of and he deserved to be on the BoD.
    Please enlighten us as to his contribution?

    "An Inconvenient Truth" is considered a seminal work on climate change and bringing attention to it the general public.  Apple changed the industry to consider "performance/watt" instead of just raw performance.  Apple has been pushing green initiatives and recycling in a higher profile way than any other large tech company and probably any other corporation period.  It pervades their entire image.  
    ronnmichelb76Alex_VmagnuskrantzwilliamlondonsconosciutoBart Ywatto_cobrajony0
  • Reply 17 of 36

    The Gore haters are hilarious. 
    True. Anything related to Gore is pretty funny. 

    His defenders far more so. 
    Something tells me bonafide humor isn't really a part of your equation so much as pleasure from deriding others.
    ronn9secondkox2sconosciutowatto_cobrajony0
  • Reply 18 of 36
    emoeller said:
    Compensation is NOT salary.    Compensation includes incentives (usually stock options) that are performance based.  And I think few would argue that TC hasn't been an exceptional CEO at Apple consistently setting performance records each year.   For accurate salary and compensation, as a long term shareholder, I'll read the 10K when it is released 
    No single person deserves the kind of pay CEOs get, but to say that Cook hasn't been exceptional in where he's taken Apple since August 2011 til now is....what TF would it take to be exceptional? 
    9secondkox2Alex_VwilliamlondonsconosciutoBart Ywatto_cobra
  • Reply 19 of 36
    Jblank74 said:
    Glad Gore is gone. What a reprehensible soul he is. 
    Trump ended up being so much better, so much less of a reprehensible soul. Totally glad Gore is gone. Totally sad Trump isn’t there.

    /s

    Ffs, gore is a 20 year old relic that did actual change, and probably helped Apple, the US, and probably the world, for the better, but he’s sooo reprehensible that trump did better, right?
    edited January 11 danoxBart Ywatto_cobra
  • Reply 20 of 36
    entropysentropys Posts: 4,267member
    I miss the days when people weren’t so tribal.  
    9secondkox2danoxStabitha_ChristiebyronlTRAGsconosciutoForumPostwatto_cobrajony0
Sign In or Register to comment.