Tim Cook, CEO at Apple Inc. has been named "Independent Director" of NIKE Inc.

NIKE Inc. officially announced on the company website's appointment Tim Cook (CEO al Apple Inc.) depending on "lead independent director". It is unknown at this time what exactly Tim Cook's responsibilities will be at NIKE, but it is known that he has been a member of the board of directors of the sporting goods company since 2015. Not infrequently, Tim Cook He was seen wearing at hand Nike FuelBand bracelets si Nike sports shoes, In free time.

This appointment of Tim Cook comes after his retirement Phil Knight from NIKE's board of directors and his appointment Mark Parker. The latter was already director of NIKE.

It is not known exactly what the impact of these changes will be on NIKE management and / or Apple. It is certain that the tradition collaboration between the two companies will continue. Apple has been including the Nike Running application on its mobile devices for several years. iPhone si Apple Watch.

Nike press release:

"NIKE, Inc. Chairman Phil Knight and Complete Planned Succession

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. This is the completion of the planned transition that was initiated a year ago.

"Phil's impact on NIKE is immeasurable," Said Parker. "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 growth was of innovation and as we serve and inspire Athletes througho the world. "*

The Board has appointed Knight Also to the position of Chairman Emeritus, with a standing invitation to ATTEND NIKE Board meetings as observer and to lend his tag year experience and time to time further the growth of Nike's business.

"I Could not Be more pleased with the Board's thoughtful execution of the succession plan, and am thrilled That year outstanding leader like Mark Will head the Board," Said Knight. "I intend to continue to work to the promote the company's business in my new rolls for as long as I Can Contribute to Nike's long-term success and growth." *

The Company also announced today that Tim Cook, CEO of Apple, has been appointed lead independent director of the Board, effective immediately. 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.

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 . 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. ”

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