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Apple CEO Tim Cook is Now Nike’s Lead Independent Director

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Apple CEO Tim Cook is Now Nike’s Lead Independent Director

Nike on Thursday announced that it has appointed Tim Cook the lead unbiased director of its Board. The transfer is efficient right away, and springs as a part of a bigger shuffling by which Nike Chairman Phil Knight retires, and is changed via very long time president and CEO Mark Parker.

NIKE, Inc. (NYSE:NKE) lately introduced that NIKE Chairman Phil Knight has retired from the Board of Administrators and the Board has appointed Mark Parker, Nike’s President and CEO since 2006, to the extra place of Chairman, efficient right away. This is the final touch of the deliberate transition that used to be initiated a yr in the past.

“Phil’s have an effect on on Nike is immeasurable,” stated Parker. “His entrepreneurial pressure is and all the time might be a part of our DNA. At the side of Nike’s remarkable control workforce, I'm dedicated to main our subsequent generation of innovation and expansion as we serve and encourage athletes all the way through the arena.”*

The Board has additionally appointed Knight to the placement of Chairman Emeritus, with a status invitation to wait Nike Board conferences as an observer and to lend his revel in and time to additional the expansion of Nike’s industry.
Nike’s founder, Phil Knight, has retired from his chairman of the board position altogether, and he's going to get replaced by way of Nike’s present CEO and president, Mark Parker.


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