Apple CEO Tim Cook will be taking on a bigger role in Nike following the retirement of Phil Knight, the founder of Nike.
The openly gay Cook has actually been a Nike director since 2005 and is the Chairman of the company’s compensation committee.
Last week, Knight, 78, officially stepped down from his role as Chairman of Nike’s board, but will continue to be involved with the company as Chairman Emeritus.
Mark Parker will be taking over as the Chairman while continuing to serve in the role of President and CEO, while Cook has been appointed the Lead Independent Director.
‘Phil’s impact on Nike is immeasurable,’ Parker said in a statement. ‘His entrepreneurial drive is and always will be part of our DNA. 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 truly a remarkable and exceedingly outstanding member of our community.
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