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In May, while unveiling the latest iPad at an Apple event, CEO Tim Cook wore a unique pair of Nike sneakers whose decorative stitching included the phrase “Made on iPad.”
It wasn’t just a collaboration between Apple and Nike. Like Bloomberg Reminds readersCook has been a member of Nike’s board of directors since 2005, when Cook was still Apple’s second banana under Steve Jobs and the iPhone did not yet exist in the world.
It’s a bigger commitment than some might think. According to Bloomberg, Cook is not only Nike’s chief independent director and head of its compensation committee, but as part of Nike’s now needed turnaround story, Cook helped secure former Nike executive Elliott Hill as the company’s newest CEO.
Hill, who started as an intern at Nike and retired in 2020, returned last week to replace former eBay CEO John Donahue, whom Cook had previously endorsed for the top job. Facing slowing growth in China and other challenges, Donahue lasted only four years in office.
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