A half century since he co-founded the company that would become one of the world’s most famous brands, Phil Knight has retired as chairman of Nike’s board. He will be replaced as chairman by Mark Parker, Nike’s current chief executive and president.
Tim Cook Becomes Nike’s Lead Independent DirectorFortune
Nike Co-Founder Phil Knight Officially Retires as ChairmanWall Street Journal
Apple CEO Tim Cook named lead independent director at NikeAppleInsider (press release) (blog)
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Source: Business