Al Gore To Leave Apple Board After 21-Year Run; Company Reveals CEO Tim Cook’s Pay Dropped 36% In 2023 After Shareholder Pressure

Former Vice President Al Gore will be departing from Apple’s board of directors after a 21-year run due to the company’s mandatory retirement age, the tech company said today.

James Bell, who joined the board in 2015, will also be leaving the board, with aerospace executive Wanda Austin in line to become a director.

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Board elections are set for February 28 at the company’s annual shareholder meeting.

In a proxy statement filed with the SEC, Apple disclosed the shareholder meeting date and also detailed the compensation packages of top executives. CEO Tim Cook made $63.2 million in 2023, down 36% from $99.4 million in 2022.

Three other members of the top exec team – CFO Luca Maestri, General Counsel Kate Adams and COO Jeff Williams – took home $27 million in 2023, while Retail SVP Deirdre O’Brien was a shade behind them at $26.9 million.

In the cases of Gore and Bell, Apple noted that it has “a longstanding policy that directors generally may not stand for reelection after reaching age 75.” Both have reached the milestone in the past few months.

“We’re deeply grateful to Al and James for their many years of service to Apple — their insights, energy, and values have made us a stronger company in so many ways,” Cook said in a press release. “For more than 20 years, Al has contributed an incredible amount to our work — from his unconditional support for protecting our users’ privacy, to his incomparable knowledge of environment and climate issues. 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.”

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