Former U.S. Vice President Al Gore and former Boeing CFO James Bell are retiring from Apple’s board of directors due to reaching the age limit of 75.
Apple CEO Tim Cook praised their contributions.
“James’s dedication has been extraordinary, and we’re thankful for the important perspectives and deep expertise he’s offered on audit, finance, and so much more over the years,” Cook said. (Trending: Trump Responds To Biden’s Bombing In Yemen)
“Things have changed; we are not in China for cheap labour that doesn't exist anymore. We are in China because of the number of labour skills available developed through their Technical and Vocational training which doesn't exist in the U.S.”— Apple CEO, Tim Cook. pic.twitter.com/9UZ6X2mBdN
— X Patriots (@TheTPatriots) January 15, 2024
Wanda Austin, known for her technology expertise, is nominated to replace them pending a shareholder vote.
Despite the age limit policy, another director, Ronald Sugar, is retaining his position due to his deep insights into the company.
During his tenure, Gore accumulated over $87 million in Apple stock and received significant compensation in fiscal 2023.
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