Sue Wagner Joins Apple's Board of Directors
July 17 2014 - 4:30PM
Business Wire
Bill Campbell Retiring After 17 Years of Service
Apple® today announced that Susan L. Wagner, founding partner
and director of BlackRock, has been elected to Apple's board of
directors. Bill Campbell, the board’s longest-serving member, is
retiring after 17 years of service.
Wagner co-founded BlackRock in 1988 and helped it become one of
the world’s most successful asset-management companies, holding a
range of leadership positions including vice chairman until
mid-2012. She continues to serve on the boards of BlackRock and DSP
BlackRock (India), as well as Swiss Re, Wellesley College and
Hackley School.
“Sue is a pioneer in the financial industry and we are excited
to welcome her to Apple’s board of directors,” said Tim Cook,
Apple’s CEO. “We believe her strong experience, especially in
M&A and building a global business across both developed and
emerging markets, will be extremely valuable as Apple continues to
grow around the world.”
“We conducted an exhaustive search for someone who would further
strengthen our board’s breadth of talent and background, and we are
delighted to have identified such an outstanding individual,” said
Art Levinson, Apple’s chairman. “I’m confident that Sue is going to
make an important and positive impact on our company.”
“I have always admired Apple for its innovative products and
dynamic leadership team, and I’m honored to be joining their
board,” said Wagner. “I have tremendous respect for Tim, Art and
the other board members, and I look forward to working with
them.”
Wagner graduated with honors from Wellesley College with a BA in
English and Economics, and earned an MBA in Finance from the
University of Chicago. She has been recognized as one of Fortune
Magazine's 50 Most Powerful Women in Business and honored by the
National Council for Research on Women. At BlackRock, she
championed and continues to support the Women’s Initiative Network,
designed to foster the full potential of women within the
company.
Bill Campbell’s relationship with Apple dates back to 1983, when
he joined the company as vice president of Marketing. Next to Apple
co-founders Steve Jobs and Mike Markkula, Campbell is the
longest-serving board member in the company’s history.
“Bill’s contributions to Apple are immeasurable and we owe him a
huge debt of gratitude. On behalf of the board and the entire
company, I want to thank him for being a leader, a mentor and a
friend," said Cook. “When Bill joined Apple’s board, the company
was on the brink of collapse. He not only helped Apple survive, but
he’s led us to a level of success that was simply unimaginable back
in 1997.”
“Over the past 17 years, it’s been exciting to watch history
unfold as Apple emerged as the premier technology company in the
world. Working with Steve and Tim has been a joy," said Campbell.
“The company today is in the best shape that I have seen it, and
Tim’s leadership of his strong team will allow Apple to continue to
be great going forward.”
Apple designs Macs, along with OS X, iLife, iWork and
professional software. Apple leads the digital music revolution
with its iPods and iTunes online store. Apple has reinvented the
mobile phone with its revolutionary iPhone and App Store, and is
defining the future of mobile media and computing devices with
iPad.
NOTE TO EDITORS: For additional information visit Apple’s PR
website (www.apple.com/pr), or call Apple’s Media Helpline at (408)
974-2042.
© 2014 Apple Inc. All rights reserved. Apple, the Apple logo,
Mac, Mac OS and Macintosh are trademarks of Apple. Other company
and product names may be trademarks of their respective owners.
AppleSteve Dowling, 408-974-1896dowling@apple.comKristin Huguet,
408-974-2414khuguet@apple.com
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