Apple appoints Ronald D. Sugar to its 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 Appleâs 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 masterâs and doctorate degrees in the same field. He subsequently completed executive programs at Stanford, Wharton and Harvard.
26 Comments
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.
He seems like a nice pick but I'd like someone who is more educated.
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.
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
iF-16.
Cool.
Lockheed, start your photocopiers!