Al Gore to Retire from Apple Board of Directors
Former Vice President Al Gore has announced his retirement from Apple‘s board of directors, marking the end of a remarkable tenure lasting over two decades with the tech giant.
The Announcement
In a filing with the U.S. Securities and Exchange Commission (SEC), Apple disclosed that Gore and former Boeing CEO James Bell will retire during the company’s 2024 annual shareholder meeting next month.
Reasons for Retirement
The board has a policy that directors generally cannot stand for reelection after reaching the age of 75, a milestone both Gore and Bell reached last year.
Gratitude and Acknowledgment
Apple CEO Tim Cook expressed deep gratitude to Gore and Bell for their years of dedicated service, crediting them with providing invaluable insights, energy, and values that have strengthened the company.
Gore’s Remarkable Contributions
Cook also highlighted Gore’s significant contributions to Apple, recognizing his unwavering support for user privacy protection and unparalleled expertise in environmental and climate issues spanning over 20 years.
Financial Details
Gore joined Apple‘s board of directors in 2003 and currently holds 468,995 shares of Apple, worth approximately $87 million. His total compensation in 2023 amounted to $376,894, inclusive of fees earned and stock awards.
Committee Roles and New Nomination
Notably, Gore serves on the board’s people and compensation committee and corporate governance committee, while Bell, who owns about 38,527 shares of Apple stock valued at over $7 million, serves on the board’s audit and finance committee. Moreover, Apple recently announced the nomination of Dr. Wanda Austin, the former president and CEO of The Aerospace Corporation, for election to the company’s board of directors.
Conclusion
Al Gore’s impending retirement from Apple‘s board of directors signifies a significant transition for both him and the company, as his departure leaves behind a legacy of impactful contributions and unwavering commitment. His successor, Dr. Wanda Austin, is poised to bring her own unique perspective and expertise to further bolster Apple‘s board, ensuring the continuation of the company’s growth and evolution.
Source: thehill
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