Former US Vice President Al Gore will step down from Apple's board of directors after reaching the age limit.
new york post report Mr. Gore has been a member of Apple's Board of Directors since 2003 and has contributed to the company for more than 20 years.
His current term at Apple is 75 years old, in line with Apple's policy of restricting director re-election once the age limit is reached.
Apple CEO Tim Cook said in a statement: “For more than 20 years, Al has made incredible contributions to our work, from his unconditional support for protecting user privacy to his unparalleled knowledge of environmental and climate issues.”
Along with Gore, former Boeing CFO James Bell, who has served on the board since 2015, will also step down after reaching the age limit of 75. Mr. Cook commented on Mr. Bell's resignation as follows: We are grateful for the critical perspective and deep expertise he has provided over the years in auditing, finance, and more. ”
File/Former US Vice President Al Gore, Apple's Senior Vice President of Internet Software and Services, Eddie Cue, Apple CEO Tim Cook, Music Producer Jimmy Iovine, US House of Representatives Minority Leader Nancy Pelosi attends the Pre-Grammy Awards Gala held at the Beverly Hilton Hotel on February 7, 2015 in Los Angeles, California. (Lester Cohen/WireImage)
Wanda Austin, former president and CEO of Aerospace Corporation, has been named to replace her on the board of directors, pending a shareholder vote at Apple's annual meeting on February 28. It becomes. Austin is known for his extensive experience in the technology sector and currently serves on the boards of Amgen and Chevron.
During his time at Apple, Mr. Gore accumulated more than 468,000 shares of common stock valued at more than $87 million and received compensation of approximately $377,000 in fiscal year 2023, including stock awards and cash.
Interestingly, despite the age restriction policy, another director, Ronald Sugar, 76, remains in his position. Apple said Sugar will remain on the board “in light of recent significant changes in board composition and the value of retaining directors who have developed deep insight into the company during their tenure.”
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Lucas Nolan is a reporter for Breitbart News, covering free speech and online censorship issues.
