To The Moon

Apple's board has waived its age cap so two members, including Chair Art Levinson, can stand for re-election.As a result, the board waived for each of them its guideline stipulating directors may not be re-elected after hitting age 75.The board cited Levinson's and Sugar's expertise, experience and knowledge of Apple's business. They are two of the longest-serving board members, and have been on the board longer than Apple Chief Executive Tim Cook.Levinson, 75, has served on Apple's board since 2000 and became chair in 2011. He is chief executive of the health company Calico.Sugar, 77, has been a director since 2010. He served as chair and chief executive of Northrop Grumman until retiring in 2010.Over the past four years, the board has added three new members, representing more than a third of membership. Two long-serving members retired during that time.