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Fred D. Anderson

Fred D. Anderson (born c. 1945) is an American business executive known for his time with Apple Inc. and as a managing director and co-founder of Elevation Partners.

Contents

  • Early life 1
  • Career 2
  • References 3
  • External links 4

Early life

He completed his BA from Whittier College and his MBA from UCLA.

Career

Anderson was the CFO of Automatic Data Processing.

Anderson was executive vice president and Chief Financial Officer of Apple Inc. from March 1996 to June 2004.[1] He took over the duties of CEO after the ouster of CEO Gil Amelio and before the appointment of Steve Jobs as interim CEO.[2] His responsibilities at Apple included oversight of the company's controller, treasury, investor relations, tax, information systems, internal audit, facilities and human resources operations.[1] On June 8, 2004, Anderson was appointed to Apple's board of directors. On October 4, 2006 Anderson resigned from Apple's board following a three-month investigation into Apple's stock option practices.[3]

On April 24, 2007, the SEC filed a complaint against Anderson alleging that he failed to take steps to ensure the proper accounting for options granted to him and several other executive officers in 2001. Simultaneous with the filing of the complaint, Anderson settled with the SEC and paid $3.5 million for


  • Anderson's Bio at Elevation Partners

External links

  1. ^ a b "Fred Anderson to Retire as Apple CFO on June 1". Apple Press Release. February 5, 2004. 
  2. ^ Kaplan, Karen (July 10, 1997). "Apple’s CEO Is Ousted as Steve Jobs’ Role Expands". Los Angeles Times. 
  3. ^ http://www.macworld.com/news/2006/10/04/stock/index.php
  4. ^ Press Release: Attorney for Fred Anderson Issues Statement Regarding Settlement of Claims with the SEC; April 24, 2007
  5. ^ http://sec.gov/Archives/edgar/data/1065088/000119312511072609/ddef14a.htm#toc143871_12

References

He currently serves as Managing Director and Co-Founder of Elevation Partners, a director of eBay, Yelp, Move, Inc., and Sonos. He also serves on the Board of Trustees of Whittier College. He is a former director of Apple, Palm, E.piphany and 3COM.

[5] Under the terms of the settlement, Mr. Anderson may continue to act as an officer or director of public companies.[4]

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