"Al Gore Steps Down from Apple Board as Age Limit Hits"

1 min read
Source: New York Post
"Al Gore Steps Down from Apple Board as Age Limit Hits"
Photo: New York Post
TL;DR

Former vice president Al Gore and former Boeing CFO James Bell are retiring from Apple's board of directors due to the company's age limit policy of not allowing directors to stand for re-election once they turn 75. Wanda Austin has been nominated to fill a board seat pending a shareholder vote, and despite the age limit policy, another board director, Ronald Sugar, 76, is retaining his position. Apple CEO Tim Cook expressed gratitude for Gore and Bell's contributions and financial windfalls during their tenure, with Gore owning over $87 million worth of Apple stock and Bell owning over $7 million worth.

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