Apple exec Dan Riccio nearing retirement after 25 years
Former Senior Vice President of Hardware Engineering Dan Riccio is said to be "nearing retirement" after over 25 years at Apple.
Former Senior Vice President of Hardware Engineering Dan Riccio is said to be "nearing retirement" after over 25 years at Apple.
It should come as no real surprise that Apple Chief Executive Tim Cook says he'll "probably" leave the company within the next 10 years, given that the man is 60. But, it does raise the question of who is in line to replace him — AppleInsider ranks the current best options.
Apple's Dan Riccio is reportedly now overseeing the company's team developing augmented and virtual reality headset after leaving his position of hardware engineering chief.
Apple on Monday announced longtime hardware engineering chief, Dan Riccio, will transition to the role of vice president of engineering as he takes on a "new project" for the tech giant.
Apple Chief Executive Tim Cook earned a whopping $102 million in pay and awards in 2017, along with the perk of flying private wherever he travels. But the latter decision wasn't his — it was mandated by the company's board of directors, who are concerned about his safety.
Apple was originally expecting to ship the technologies in the iPhone X in 2018, hardware engineering head Dan Riccio revealed in an interview published this week.
Apple recently handed out restricted stock unit awards to its leadership team, with executives including SVP of Retail Angela Ahrendts, SVP of Worldwide Marketing Phil Schiller and others receiving 128,584 RSUs scheduled to vest through fiscal 2022.
Apple's executive team, including head of retail Angela Ahrendts and SVP of Internet Software and Services Eddy Cue, on Sunday saw batches of performance based restricted stock unit awards vest, netting each common shares worth more than $19 million.
Eight Apple executives, including senior vice presidents Eddy Cue and Craig Federighi, saw batches of restricted stock units vest last week, six of which were worth some $13.6 million.
Apple last week meted out restricted stock unit awards to its executive team, with the likes of SVP of Internet Software and Services Eddy Cue, SVP of Worldwide Marketing Phil Schiller and others receiving up to 149,667 RSUs scheduled to vest through 2021.
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