Senior VP of iPod Division given 50,000 Apple restricted stock units

Posted by Dennis Sellers Dec 21, 2007 at 12:24pm

Apple gave Tony Fadell, senior vice president of the iPod Division at Apple, a stock grant valued at US$9.22 million, reports Bloomberg. Fadell received 50,000 restricted stock units on Dec. 17, Apple said in a filing with the U.S. Securities and Exchange Commission. The shares can be exercised in March 2010.

Apple has sold more than 119 million iPods since introducing the digital-media player in 2001. The device accounted for about a quarter of the company’s sales last quarter, notes Bloomberg. Fadell was the first member of the iPod hardware engineering team when he joined Apple in 2001. He was promoted to vice president of iPod engineering in 2004. He became senior vice president of the iPod Division in April 2006.

Prior to joining Apple, Fadell was a co-founder, CTO, and director of engineering of the Mobile Computing Group at Philips Electronics where he was responsible for all aspects of business and product development for a variety of products. He later became vice president of business development for Philips U.S. Strategy & Ventures focused on building the company’s digital media strategy & investment portfolio. Prior to joining Philips, Fadell was a hardware and software architect at General Magic.

He graduated with a BS degree in Computer Engineering from the University of Michigan in 1991. He has filed more than 20 patents for his work.

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