Longtime Apple Board Member Bill Campbell Retiring, BlackRock Co-Founder Susan Wagner To Replace Him

Next Story

Twitter Acquires CardSpring To Power In-Tweet Commerce And Offers

Bill Campbell has had a seat in Apple’s boardroom for 17 years, yet he joined the company in 1983 as vice president of Marketing. Next to Apple co-founders Steve Jobs and Mike Markkula, he’s the company’s longest-serving board member.

Apple announced today that he will be stepping down. BlackRock co-founder Susan L. Wagner will be taking his spot.

Wagner comes to Apple from BlackRock, an asset-management company, which she co-founded in 1988. She will continue to sit on BlackRock’s board.

“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, in a released 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.”

Bill Campbell has served as a corporate director on Apple’s board of directors since 1997, the year Steve Jobs returned to the company. Campbell is currently the chairman at Intuit where he also served as the CEO from 1994 to 1998.

Bill Campbell has left an immeasurable impression on Apple. He will be missed.

Wagner co-founded BlackRock in 1988 and helped it become one of the world’s most successful asset-management companies, holding a range of leadership positions including vice chairman until mid-2012. She continues to serve on the boards of BlackRock and DSP BlackRock (India), 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.”

“I have always admired Apple for its innovative products and dynamic leadership team, and I’m honored to be joining their board,” said Wagner. “I have tremendous respect for Tim, Art and the other board members, and I look forward to working with them.”

Wagner graduated with honors from Wellesley College with a BA in English and Economics, and earned an MBA in Finance from the University of Chicago. She has been recognized as one of Fortune Magazine’s 50 Most Powerful Women in Business and honored by the National Council for Research on Women. At BlackRock, she championed and continues to support the Women’s Initiative Network, designed to foster the full potential of women within the company.

Bill Campbell’s relationship with Apple dates back to 1983, when he joined the company as vice president of Marketing. Next to Apple co-founders Steve Jobs and Mike Markkula, Campbell is the longest-serving board member in the company’s history.

“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.”

“Over the past 17 years, it’s been exciting to watch history unfold as Apple emerged as the premier technology company in the world. Working with Steve and Tim has been a joy,” said Campbell. “The company today is in the best shape that I have seen it, and Tim’s leadership of his strong team will allow Apple to continue to be great going forward.”

Apple designs Macs, along with OS X, iLife, iWork and professional software. Apple leads the digital music revolution with its iPods and iTunes online store. Apple has reinvented the mobile phone with its revolutionary iPhone and App Store, and is defining the future of mobile media and computing devices with iPad.

NOTE TO EDITORS: For additional information visit Apple’s PR website ( http://www.apple.com/pr ), or call Apple’s Media Helpline at (408) 974-2042.

© 2014 Apple Inc. All rights reserved. Apple, the Apple logo, Mac, Mac OS and Macintosh are trademarks of Apple. Other company and product names may be trademarks of their respective owners.

SOURCE: Apple Inc.

IMAGE BY Flickr