Sue Wagner, founding partner and director of BlackRock, has been elected to Apple’s board of directors. BlackRock is the world’s largest asset-management company which Sue Wagner co-founded in 1988. She continues to serve on its Board of Directors, as well as Swiss Re, Wellesley College, and Hackley School.
“Sue is a pioneer in the financial industry and we are excited to welcome her to Apple’s board of directors,” said Tim Cook, Apple’s CEO. “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.”
“We conducted an exhaustive search for someone who would further strengthen our board’s breadth of talent and background, and we are delighted to have identified such an outstanding individual,” said Art Levinson, Apple’s chairman. “I’m confident that Sue is going to make an important and positive impact on our company.”
Bill Campbell, the board’s longest-serving member, is retiring after 17 years of service. He first joined Apple in 1983 as vice president of marketing and was later Intuit’s CEO.
“Bill’s contributions to Apple are immeasurable and we owe him a huge debt of gratitude. On behalf of the board and the entire company, I want to thank him for being a leader, a mentor and a friend,” said Cook. “When Bill joined Apple’s board, the company was on the brink of collapse. He not only helped Apple survive, but he’s led us to a level of success that was simply unimaginable back in 1997.”
Bill reminisces about his time at Apple in an interview at Fortune.com.