SAN FRANCISCO, CA - JULY 10: A pedestrian walks by an Apple Store on July 10, 2013 in San Francisco, California. A federal judge ruled today that Apple Inc. conspired with five major book publishers to increase the retail prices of e-books in an effort to undercut Amazon.com Inc's stronghold of online e-book sales. (Photo by Justin Sullivan/Getty Images)
Apple elected Susan L. Wagner to its board of directors, the company reported Thursday.
Wagner joining the board comes as Apple's longest-seated board member, Bill Campbell, retires from his position, according to the New York Times. Wagner is one of the founding members of the investment firm BlackRock and so far is the only member of the board with a finance background. Other members come from Disney, J.Crew and Genentech.
Campbell, who joined the Apple in 1983 as its marketing head, joined the board in 1997.