Apple has appointed Ronald D. Sugar, former Chairman of the Board and CEO of Northrop Grumman Corporation, to their Board of Directors. Sugar will server as the Chair of the Audit and Finance Committee.
Maybe Apple has some aspirations in the military sector that we don’t know about. The Northrop Grumman Corporation is a “Leader in Global Security.” According to their website, they’re “Designer, systems integrator and manufacturer of military aircraft, defense electronics, precision weapons, commercial and military aerostructures.”
All kidding aside, Jobs sounded pretty excited to get him on the board in the press release. He was also quick to point out that Ronald D. Sugar is an “engineer at heart.”
Sugar has a pretty lengthy resume of leadership.
He was CEO at Northrop Grumman Corporation from 2003-2010, CFO at Litton Industries and TRW Inc., he’s a director of the Chevron Corporation, Amgen Inc., and Air Lease Corporation, as well as holding a bunch of other academic positions.