Tim Cook’s tenure as the CEO of Apple is widely recognized as leading the most valuable technology company in the world. However, on the flip side, Cook serves on the board of Nike, a major sports equipment manufacturer. His role with Nike has been intriguing, as per the latest Bloomberg reports.
Cook joined Nike’s board back in 2005, a staggering 19 years ago. Despite being the CEO of Apple, he remains the longest-serving board member at Nike. His involvement with Nike has been multi-faceted, including the collaboration on the Nike+ shoe that synced running data to the iPod. This relationship has continued to evolve up to the current partnership on the Nike edition of the Apple Watch, featuring exclusive bands and faces.
It’s noteworthy to look back at the Apple Watch and Nike collaboration. In 2014, when Nike was in the process of discontinuing the exercise-tracking FuelBand (which Cook was a regular user of at the time), it seemed perplexing since the wearable device market was on the rise. The answer came the same year when Apple unveiled the Apple Watch.
Reports indicate that Cook has wielded influence and provided guidance to Nike on various aspects, such as retail store development inspired by Apple Store concepts, managing supply chain logistics for product manufacturing in China, and offering digital marketing strategies in China compliant with local laws.
Nevertheless, those following Nike news would know that the former CEO, John Donahoe, was recently ousted due to declining product sales. Cook had vouched for Donahoe previously. The current CEO, Elliott Hill, also received support from Cook.
TLDR: Tim Cook is not only known for his role as the CEO of Apple but also holds a significant position on Nike’s board. His involvement with Nike has spanned nearly two decades and has included collaborations on products like the Nike+ shoe and the Nike edition of the Apple Watch. Cook has been instrumental in providing guidance on various aspects of Nike’s operations, including retail strategies and supply chain management. Despite recent leadership changes at Nike, Cook’s support for key executives remains consistent.
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