Top Apple execs each awarded 35,000 shares, worth up to $19M at today’s price

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An SEC filing reveals that six of Apple’s top execs were each awarded 35,000 Restricted Stock Units (shares that cannot be immediately traded), with a current value of more than $19M. Of this, $12M is awarded outright, subject only to remaining with the company until at least April 2018, with a further $7M dependent on Apple’s stock performance.

The bonuses were awarded to Senior VPs Eddy Cue, Craig Federighi, Dan Riccio, Phil Schiller, Bruce Sewell and Jeffrey Williams. It’s likely that Jony Ive will receive the same, though his stock awards do not have to be reported to the SEC …  Read more

Tesla hires Apple VP Doug Field to lead vehicle programs

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As noted by Electrek, Doug Field, who most recently served as Hardware Vice President at Apple, has defected to Tesla Motors to lead the company’s vehicle engineering programs. Field will lead the development of Tesla’s future cars, according to a release from Tesla. Field worked under Dan Riccio (and previously Bob Mansfield) on computers like the MacBook Air, MacBook Pro, and iMac. Before Apple, Field was the Chief Technology Officer at Segway.

“Doug has demonstrated the leadership and technical talent to develop and deliver outstanding products, including what are widely considered the best computers in the world,” said Elon Musk, Tesla co-founder and CEO. “Tesla’s future depends on engineers who can create the most innovative, technologically advanced vehicles in the world. Doug’s experience in both consumer electronics and traditional automotive makes him an important addition to our leadership team.”

It is unclear if Apple plans to fill the void left by Field or if this will have a negative impact on the iPhone and Mac maker. In today’s announcement, Field says that “until Tesla came along, I had never seriously considered leaving Apple.” Field says that he left Apple to take up the opportunity to build “the best cars in the world.” A source says that Field left Apple last month.

The full press release from Tesla is available below:

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Bob Mansfield reduced role to focus on chips, senior execs given new responsibilities

Executives

Apple executive Bob Mansfield’s unexplained departure from Apple’s leadership team is due to the long-time engineer’s desire to focus on chipset design plus future products and less on executive duties, according to sources with knowledge of the change.

As part of Mansfield’s leave from the executive team and role change to “special projects” under Apple CEO Tim Cook, Mansfield’s former duties as Senior Vice President of Technologies have been split between two Senior VPs: Hardware chief Dan Riccio and Operations head Jeff Williams, according to these sources.

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