While it’s unclear exactly what this means at the moment, Cook has been on Nike’s board of directors since 2005. Press Release. I'd like to introduce, first, our Board of Directors. First, we have Lead Independent Director, Tim Cook, CEO of Apple. 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. Nike and Apple have also long worked together, with Apple including a Nike Running app on its devices for years now. CNN. 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. According to Nike’s website, the company today has appointed Apple CEO Tim Cook as lead independent director. "Tim's diverse professional background spans from global manufacturing to general management," said Philip H. Knight, NIKE, Inc. founder and chairman. In January 2011, Apple's Board of Directors allowed Jobs to leave again for medical reasons. 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. While it’s unclear exactly what this means at the moment, Cook has been on 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. 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. Cook is the board's 11th director, nine of which are independent, and is expected to serve on the compensation committee of the board. Cook … 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. Tips, questions, typos to chance@9to5mac.com, 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. (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. The Company also announced today that Tim Cook, CEO of Apple, has been appointed lead independent director of the Board, effective immediately. “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.”*. The Company also announced today that Tim Cook, CEO of Apple, has been appointed lead independent director of the Board, effective immediately. 2011 Nike – Investors – Corporate Governance – Board of Directors “The National Football Foundation Chairman, President, and Board of Directors… 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. Who is the new Apple CEO Tim Cook? A leadership change at Nike is affecting Tim Cook's role with the apparel maker slightly. The Company also announced today that Tim Cook, CEO of Apple, has been appointed lead independent director of the Board, effective immediately. He reports to Apple CEO Steve Jobs. 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. 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. Cook is also on the Nike board of directors, where he has $3.4 million in stock options. John Donahoe is President & CEO of NIKE, Inc. 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. He is also chair of the board's compensation committee and serves as a member of … Nike today announced some changes to its board of directors, which will see Apple CEO Tim Cook serving as lead independent director going forward. August 24. 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. Cook, a Nike board member since 2005, is now the lead independent director of the board. 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. In addition to his work with Apple, Cook is also a member of the Board of directors at Nike. … Read More: Next to Tim is Cathy Benko, our newest board member. Tim Cook is the CEO of Apple and serves on its Board of Directors. 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. by Matthew Panzarino — in Apple. Executives “Phil’s impact on NIKE is immeasurable,” said Parker. 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. NIKE, Inc. is engaged in the design, development, marketing and selling of athletic footwear, apparel, equipment, accessories and services. During that time, Cook was responsible for most of Apple’s day-to-day operations while Jobs made most big decisions. 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. Nike revealed that starting today, Cook will … 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.”*. 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. 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. 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. “His entrepreneurial drive is and always will be part of our DNA. “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.

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