Fred Anderson

Frederick D. Anderson Jr. (born May 31, 1944) is an American business executive known for his time with Apple Computer and as a managing director and co-founder of.

Education and military service
In 1966, Anderson received an B.A. in economics from, where he was a member of the college baseball team. He received his M.B.A. from the in 1972. Anderson also served as a captain in the.

Career
Anderson became a in the state of California and was a manager in the consulting division of. In 1978, he joined, where he rose to become the president and of MAI Systems Corporation by 1990. In August 1992, Anderson joined in, where he became vice-president and.

Apple Computer
Anderson joined Apple Computer in March 1996 as executive vice president and CFO. In 1997, he was also the acting CEO, following the ouster of Gil Amelio and before the appointment of Steve Jobs as interim CEO. His financial responsibilities at Apple included oversight of the company's controller, treasury, investor relations, tax, information systems, internal audit, facilities and human resources operations. Anderson retired as CFO on June 1, 2004, with Peter Oppenheimer succeeding him in that position. On the following June 8th, Anderson was appointed to Apple's board of directors. Anderson resigned from Apple's board on October 4, 2006, following a three-month investigation into Apple's stock option practices.

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 of profits and interest and $150,000 for a civil penalty. At the time of the SEC settlement, Anderson’s attorney issued a public statement saying that Anderson had relied on representations from CEO Steve Jobs and unanimous approval of the Apple board in reaching the conclusion that the stock option grant in question was being properly handled. Under the terms of the settlement, Anderson may continue to act as an officer or director of public companies.

After Apple
Anderson currently serves as managing director and co-founder of and NextEquity Partners, and as a director of, , , and. He also serves on the Board of Trustees of Whittier College and the Stanford Athletic Board. He is a former director of Apple,, and.