Apple Adds Susan Wagner to Board
SAN FRANCISCO, CA - JULY 10: A pedestrian walks by an Apple Store on July 10, 2013 in San Francisco, California. A federal judge ruled today that Apple Inc. conspired with five major book publishers to increase the retail prices of e-books in an effort to undercut Amazon.com Inc's stronghold of online e-book sales. (Photo by Justin Sullivan/Getty Images)
Thursday, Jul 17, 2014 Updated at 10:26 PM PDT
Apple elected Susan L. Wagner to its board of directors, the company reported Thursday.
Wagner joining the board comes as Apple's longest-seated board member, Bill Campbell, retires from his position, according to the New York Times. Wagner is one of the founding members of the investment firm BlackRock and so far is the only member of the board with a finance background. Other members come from Disney, J.Crew and Genentech.
Campbell, who joined the Apple in 1983 as its marketing head, joined the board in 1997.
“Sue is a pioneer in the financial industry, and we are excited to welcome her to Apple’s board,” Tim Cook, Apple’s chief executive announced in a statement
. “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.”
As we wrote
about last week, Cook is looking for new board members than can help Apple navigate the waters ahead and likely see things his way. Someone with great financial know-how can only help the tech company as it acquires startups.