This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

BlackRock's Sue Wagner Joins Apple's Board, Replacing Bill Campbell

NEW YORK (TheStreet) –– Apple (AAPL - Get Report) named Susan L. Wagner, a co-founder of the asset management firm BlackRock  (BLK - Get Report) as a company director, adding a second woman to its board along with six men.

Wagner co-founded BlackRock in 1988 and held several roles, including vice chairman. She has been named one of Fortune Magazine's 50 Most Powerful Women in Business and honored by the National Council for Research on Women, and currently serves on the boards of BlackRock, India's DSP BlackRock, Swiss Re and Wellesley College, her alma mater.

“Sue is a pioneer in the financial industry and we are excited to welcome her to Apple’s board of directors,” Apple CEO Tim Cook said in a press statement. “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.”

Wagner said that she looked forward to working with Cook, adding, “I have always admired Apple for its innovative products and dynamic leadership team, and I’m honored to be joining their board.”

Wagner replaces Bill Campbell, who is retiring from the board after serving on it for 17 years. Campbell, a former Columbia University football coached who became one of Silicon Valley's best-known fixers, is the third longest-serving board member in Apple history.

“When Bill joined Apple’s board, the company was on the brink of collapse,” Cook said. “He not only helped Apple survive, but he’s led us to a level of success that was simply unimaginable back in 1997.”

Google (GOOG) Chairman Eric Schmidt, in an interview with Fortune, once said of Campbell that "his contribution to Google - it is literally not possible to overstate. He essentially architected the organizational structure."

--Written by Laura Berman in New York

>Contact by Email.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
AAPL $130.28 0.00%
BLK $372.98 0.00%
FB $81.53 0.00%
GOOG $565.06 0.00%
TSLA $218.42 0.00%

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs