updated 10:10 am EST, Wed November 17, 2010
Ronald Sugar to chair audit and finance committee
Apple has announced the appointment of Ronald D. Sugar to the company's board of directors. Sugar was most recently the CEO and chairman of the board at military/aerospace contractor Northrop Grumman; he is still a director at several other businesses, including Amgen, Chevron and Air Lease Corporation. As a member of Apple's board, Sugar will be responsible for chairing the Audit and Finance Committee.
"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," reads a prepared statement from Apple CEO Steve Jobs. "In addition to having been the CEO of a high-tech Fortune 100 company, Ron has a PhD in engineering and has been involved in the development of some very sophisticated technology."
Sugar is additionally said to be a senior advisor to a private investment firm, Ares Management. He belongs to the National Academy of Engineering, and is also a fellow of the American Institute of Aeronautics and Astronautics, along with the Royal Aeronautical Society. Other connections include involvement in California universities, and various philanthropic groups.