Ronald D Sugar Joins Apple Board

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Apple’s Board of Directors has a new member, Dr. Ronald D. Sugar, who will serve as the Chair of the Audit and Finance Committee. Dr. Sugar is the former CEO and Chairman of the Board for Northrop Grumman.

“Ron is an engineer at heart, who then became a very successful business leader. We are very excited to welcome him to Apple’s Board,” commented Apple CEO Steve Jobs.

Dr. Sugar served as Northrop Grumman’s CEO and Chairman from 2003 until he retired in 2010. He is a member of the National Academy of Engineering, and a fellow at the American Institute of Aeronautics and Astronautics along with the Royal Aeronautical Society.

He also serves as a senior adviser to the Ares Management investment firm, and is a director for Amgen, Air Lease Corporation, and Chevron.

“I have always had enormous admiration for the people of Apple,” Dr. Sugar said. “It is a special privilege to serve on the board of such an amazing company.”

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It seems Sugar was a good technical leader and manager at Northrup Grumman. But he did not grow the stock value, like competitors Boeing and Lockheed Martin, so he was replaced.

Hopefully, Apple’s stock value will continue to advance with Sugar on Apple’s board.

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