Fred D. Anderson

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See Fred Anderson for others with similar names.

Fred D. Anderson is an American business executive known for his time with Apple Computers and as a managing director and co-founder of Elevation Partners.

[edit] Biography

He completed his B.A. from Whittier College and his M.B.A. from UCLA. Anderson was the CFO of Automatic Data Processing.

Anderson previously served as executive vice president and Chief Financial Officer of Apple Computer from March 1996 through June 2004. His responsibilities at Apple included oversight of the companies controller, treasury, investor relations, tax, information systems, internal audit, facilities and human resources operations. Only a few days after his retirement, Anderson was appointed to Apple's board of directors. On October 4, 2006 Anderson resigned from Apple's board following a three month investigation into Apple's stock option practices[1].

He currently serves as Managing Director and Co-Founder of Elevation Partners, a director of eBay, Move, Inc., Palm and is a former director of E.piphany and 3COM.

On April 24, 2007, the SEC announced it had filed charges against Anderson for his alleged role in misreporting of backdating Apple options.^[1] Anderson immediately settled the charges for a payment of a civil penalty of $150,000 and disgorgement of "ill-gotten gains" of approximately $3.49 million.^[2]