Nike said Apple CEO Tim Cook has become the lead independent director on the athletic gear maker’s board, while simultaneously announcing co-founder Phil Knight has officially retired … Cook has been a Nike director since 2005, is chair of the Board’s Compensation Committee and serves as a member of the Nominating & Corporate Governance Committee. With the vast majority of its produce coming from factories regularly criticised for their sweatshop-like working conditions, the Apple CEO will immediately begin to lead the sportswear company's independent directors. Parker is also Nike’s President and CEO. Along with NIKE’s exceptional management team, I am committed to leading our next era of innovation and growth as we serve and inspire athletes throughout the world.”*. Cook is the board's 11th director, nine of which are independent, and is expected to serve on the compensation committee of the board. Apple CEO Tim Cook is moving up in the world of Nike, where he’s been serving as a member of the board of directors. First, we have Lead Independent Director, Tim Cook, CEO of Apple. Tim Cook Contact Information, Contact Email, Mailing Address and more information are given right here in this article. Cook has been a Nike … In addition to his new role as lead independent director, Cook is also chair of the board’s Compensation Committee and is a member of the Nominating & Corporate Governance Committee. FTC: We use income earning auto affiliate links. 2011 Nike – Investors – Corporate Governance – Board of Directors “The National Football Foundation Chairman, President, and Board of Directors… Also, Nike's board of directors gave Mark Parker a $20 million stock award in 2012 with the stipulation he stay another five years. According to Nike’s website, the company today has appointed Apple CEO Tim Cook as lead independent director. The recent press revelations about Nike’s hostile culture toward women throw up questions about the sportswear company’s corporate governance model.. Nike has 12 board members, several of which are big names in the corporate world. Previous to Compaq, Cook was the chief operating officer of the reseller division at Intelligent Electronics. Tim Cook has just done it, following the retirement of Nike founder Phil Knight, and been appointed as lead independent director on its board by new CEO Mark Parker. We look forward to his contributions to Nike." In January 2011, when Steve Jobs was on a medical leave, Tim Cook was responsible for all the day-to-day operations of the company, and on August 24th, as Steve Jobs announced his retirement, he suggested the company to make Cook as the CEO according to their succession plan. The Company also announced today that Tim Cook, CEO of Apple, has been appointed lead independent director of the Board, effective immediately. Knight today announced that he has sold his voting interests in Swoosh, LLC, the company he formed over a year ago to hold the majority of his shares of NIKE Class A Common Stock, to a trust controlled by his son and NIKE director, Travis Knight. John Donahoe is President & CEO of NIKE, Inc. The Company also announced today that Tim Cook, CEO of Apple, has been appointed lead independent director of the Board, effective immediately. All of the changes are effective immediately. After the sale of Swoosh voting interests, Travis controls two of the five votes on the Swoosh Board, with the remaining three votes exercised by NIKE directors Mark Parker, Alan Graf, Jr., and John Donahoe. I'd like to introduce, first, our Board of Directors. Before joining Apple in 1998 as senior vice president of worldwide operations, Cook was vice president of corporate materials at Compaq and was responsible for procuring and managing Compaq's product inventory. The company also announced that Apple CEO Tim Cook has been appointed lead independent director of the board, effective immediately. “His entrepreneurial drive is and always will be part of our DNA. During that time, Cook was responsible for most of Apple’s day-to-day operations while Jobs made most big decisions. In January 2011, Apple's Board of Directors allowed Jobs to leave again for medical reasons. Cook’s promotion to lead independent director comes as Nike … NIKE, Inc. is engaged in the design, development, marketing and selling of athletic footwear, apparel, equipment, accessories and services. Press Release. Cook has been a NIKE director since 2005, is chair of the Board’s Compensation Committee and serves as a member of the Nominating & Corporate Governance Committee. Tips, questions, typos to [email protected], Everything we know so far about the iPhone 13, You’re reading 9to5Mac — experts who break news about Apple and its surrounding ecosystem, day after day. In addition to his work with Apple, Cook is also a member of the Board of directors at Nike. He was appointed the Lead Independent Director at Nike. Wikipedia – Tim Cook Apple – Press Info – Apple Leadership – Tim Cook “The Genius of Steve”. He also serves as the Board of Directors of Nike. He also heads Apple's Macintosh division and plays a key role in the continued development of strategic reseller and supplier relationships. August 24. Cook, a Nike board member since 2005, is now the lead independent director of the board. Nike revealed that starting today, Cook will … "Tim's diverse professional background spans from global manufacturing to general management," said Philip H. Knight, NIKE, Inc. founder and chairman. The Company's operating segments include North America, Western Europe, Central & Eastern Europe, Greater China, Japan and Emerging Markets. Cook has been a Nike director since 2005, is chair of the Board’s Compensation Committee and serves as a member of the Nominating & Corporate Governance Committee. Welcome to NIKE's 38th Annual Shareholder Meeting. More. This is the completion of the planned transition that was initiated a year ago. He is CEO of Apple Inc., boards of directors of Nike, Inc., and trustee of Duke University. After Jobs retired, Cook was made permanent CEO of Apple on August 25, 2011. Cook is also on the Nike board of directors, where he has $3.4 million in stock options. Wholly owned Nike subsidiaries include Converse Inc., which designs, markets and distributes athletic footwear, apparel and accessories; Bauer NIKE Hockey Inc., a leading designer and distributor of hockey equipment; Cole Haan, a leading designer and marketer of luxury shoes, handbags, accessories and coats; Hurley International LLC, which designs, markets and distributes action sports and youth lifestyle footwear, apparel and accessories and Exeter Brands Group LLC, which designs and markets athletic footwear and apparel for the value retail channel. He reports to Apple CEO Steve Jobs. Check out 9to5Mac on YouTube for more Apple news: Chance is an editor for the entire 9to5 network and covers the latest Apple news for 9to5Mac. The Company also announced today that Tim Cook, CEO of Apple, has been appointed lead independent director of the Board, effective immediately. (adsbygoogle = window.adsbygoogle || []).push({}); Cook’s promotion to lead independent director comes as Nike chairman Phil Knight retires from the board of directors and is replaced by Mark Parker. Executives Tim Cook was a director on the Board of Directors of Nike from 2005. While it’s unclear exactly what this means at the moment, Cook has been on Nike’s board of directors since 2005. … Cook earned an M.B.A. from Duke University, where he was a Fuqua Scholar, and a Bachelor of Science degree in Industrial Engineering from Auburn University. Next to Tim is Cathy Benko, our newest board member. 73. shares. The board appointed Knight to the position of Chairman Emeritus, with a standing invitation to attend Nike board meetings as an observer and to lend his experience and time to further the growth of Nike’s business. Chairman of the Board of Directors and President and CEO of NIKE. “Phil’s impact on NIKE is immeasurable,” said Parker. Read More: The bulk of that is from his total stock options and shares in Apple, which total nearly $622 million. CNN. … The Board has also appointed Knight to the position of Chairman Emeritus, with a standing invitation to attend NIKE Board meetings as an observer and to lend his experience and time to further the growth of NIKE’s business. BEAVERTON, Ore.–(BUSINESS WIRE)–NIKE, Inc. (NYSE:NKE) today announced that NIKE Chairman Phil Knight has retired from the Board of Directors and the Board has appointed Mark Parker, NIKE’s President and CEO since 2006, to the additional position of Chairman, effective immediately. Before being named CEO in August 2011, Tim was Apple’s Chief Operating Officer and was responsible for all of the company’s worldwide sales and operations, including end-to-end management of Apple’s supply chain, sales activities, and service and support in all markets and countries. Tim Cook is business executive and industrial engineer. Cook has been a member of Nike's board of directors since 2005. Apple CEO Tim Cook today joined the board of directors for the Robert F. Kennedy Center for Justice and Human Rights after being a longtime supporter of the organization. While it’s unclear exactly what this means at the moment, Cook has been on Nike’s board of directors since 2005. The updated status appeared in the Nike website , … He is also chair of the board's compensation committee and serves as a member of … About NIKE, Inc. NIKE, Inc. is the world's leading designer, marketer and distributor of authentic athletic footwear, apparel, equipment and accessories for a wide variety of sports and fitness activities. by Matthew Panzarino — in Apple. "Tim's diverse professional background spans from global manufacturing to general management," said Philip H. Knight, NIKE, Inc. founder and chairman. Nike and Apple have also long worked together, with Apple including a Nike Running app on its devices for years now. Nike founder Phil Knight has officially stepped down from the company's board of directors.His successor, Mark Parker has been named chairman effective immediately. "His global technology knowledge combined with his experience at one of the world's most recognized brands will make Tim a great asset to our board. Tim Cook is the CEO of Apple and serves on its Board of Directors. Who is the new Apple CEO Tim Cook? Apple and Nike have a very cozy relationship, and with Tim Cook on the board of directors, there have naturally been accusations that this is … Cook, 44, is responsible for all of Apple's worldwide sales and operations, including end-to-end management of the company's supply chain, sales activities, and service and support in all markets and countries. Nike today announced some changes to its board of directors, which will see Apple CEO Tim Cook serving as lead independent director going forward. Cook … Prior to the launch of the Apple Watch, Cook was often seen wearing Nike’s FuelBand activity tracker on his wrist, while he also frequently sports Nike clothing and shoes. Be sure to check out, Get a free trial of Skillshare Premium Membership, Nike appoints board member & Apple CEO Tim Cook as its ‘lead independent director’. Tim Cook Born Timothy Donald Cook (1960-11-01) November 1, 1960 (age 60) Mobile, Alabama, U.S. Cook also spent 12 years with IBM, most recently as director of North American fulfillment, where he led manufacturing and distribution functions for IBM's Personal Computer Company in North and Latin America. Cook is also on the board of directors of Nike. “I could not be more pleased with the Board’s thoughtful execution of the succession plan, and am thrilled that an outstanding leader like Mark will head the Board,” said Knight. BEAVERTON, Ore. (18 November, 2005) – NIKE, Inc. (NYSE:NKE) today announced the appointment of Timothy D. Cook, Apple Computer, Inc.'s (NASDAQ:APPL) chief operating officer, to the company's board of directors. “I intend to continue to work to promote the company’s business in my new role for as long as I can contribute to NIKE’s success and long-term growth.”*. A leadership change at Nike is affecting Tim Cook's role with the apparel maker slightly. He will lead the continued growth of the Nike Brand as well as Nike's global business portfolio, which includes Jordan Brand and Converse Inc. Before joining Nike as CEO in January 2020, John had served on Nike’s Board of Directors since 2014. Mr. Cook is the board's 11th director, nine of which are independent, and is expected to serve on the compensation committee of the board. By AppleInsider Staff | 14 years ago Nike today announced that it has appointed Apple chief operating office Tim Cook to the company\'s board of directors. Apple CEO Tim Cook Appointed Director of Nike's Board as Founder Phil Knight Steps Down Tim Cook and Mark Parker will now be leading the Swoosh.
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