Home / Software & Service News / Apple CEO Tim Cook takes a new role on Nike’s board

Apple CEO Tim Cook takes a new role on Nike’s board

A leadership change at Nike is affecting Tim Cook’s role with the apparel maker slightly. Cook, a Nike board member since 2005, is now the lead independent director of the board. The reason why Nike needs one now is because founder Phil Knight is retiring from his position as chairman of the board.

It’s all according to a plan of succession put in place last year, so president/CEO Mark Parker will take over as chairman too. Cook’s new position is intended as a way to provide independent leadership on the board, when the chairman and the CEO of the company are the same person. Nike and Apple have had a cozy relationship over the years, and this probably won’t impact that significantly, although it comes as Nike is facing increased competition from the likes of Under Armour and Adidas.

Source: Nike

Click Here For Original Source Of The Article

About Ms. A. C. Kennedy

Ms. A. C. Kennedy
My name is Ms A C Kennedy and I am a Health practitioner and Consultant by day and a serial blogger by night. I luv family, life and learning new things. I especially luv learning how to improve my business. I also luv helping and sharing my information with others. Don't forget to ask me anything!

Check Also

Hoo-boy! This damning Uber letter is a wild ride

TwitterFacebook

The disasters that former Uber CEO Travis Kalanick left in his wake at his popular ride-hailing app company was one of this year's biggest tech industry stories. Now, as we wrap up the year, Uber (through a court case) has gifted us a letter detailing many of the company's alleged wrongdoings and spy tactics. 

The so-called Jacobs letter was written by an attorney representing Richard Jacobs, a former Uber security analyst. It alleges shady and potential illegal operations, including how Uber employees monitored the competition and acquired trade secrets. 

More about Transportation, Uber, Self Driving Cars, Waymo, and Uber Waymo

css.php