After the retirement of Bill Campbell, who served as a reliable advisor to Steve Jobs, Susan Wagner has joined the ranks of the Board of Directors in Apple. Bill Campbell served Apple for a substantial amount of time, 17 years. Susan Wagner, who is a partner in the company money manager BlackRock has now replaced Campbell to be on the Board of Director’s team.
Bill Campbell has turned 73 this year and has been relentlessly working with Apple from 1980’s. Bill was appointed in the team of Board of Directors in the year 1997. The announcement made on Thursday has primarily been triggered due to the criticism based on shortage of women in key positions in the corporation.
In the board of director’s team of Apple, Wagner is the second woman to be part of it. Another woman sitting on the Board panel is Andrea Jung, who was formerly the CEO of Avon Products Inc. Susan Wagner founded BlackRock in the year 1988 and inspired its team to hail the company as one of the most successful asset management firms. She is active in the Board of BlackRock, Wellesley College and Hackley School.
The CEO of Apple, Tim Cook said in a statement:
“Sue is a pioneer in the financial industry and we are excited to welcome her to Apple’s board of directors. 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.”
Art Levinson, the chairman of Apple also stated that they had been looking for someone who would provide more strength to the Board. He acknowledged that they are excited to have Susan on board and he is sure that Sue will contribute well to the development of the company in the coming years.