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  • Cook Reportedly Seeking New Blood for Apple's Board of Directors


    According to a recent report, Apple CEO Tim Cook is “actively seeking” new directors for the company’s board as he relaxes the tech giant’s focus in favor of support for existing products and new initiatives. In a profile on his performance as successor to Apple cofounder Steve Jobs, The Wall Street Journal claims Cook is looking to add the company’s long-standing and aging, eight person board of directors.

    The board includes seven outside directors, six of whom are over the age of 63. Four have been with Apple for more than a decade, while Intuit CEO Bill Campbell and J. Crew Group chief Millard S. “Mickey” Drexler have both served since the late 1990s.

    As mentioned by the WSJ, the current board is known for its loyalty to Jobs, which could make things very difficult for Cook as he reshapes Apple to better retain its lead in the marketplace. Overall, Cook’s recent moves are considered to be more in line with those of “normal” tech firm CEOs, a distinct departure from the way Jobs ran his company. One of Apple’s former employees describes Cook as a “peacetime CEO,” contrasting against Jobs, who was a “wartime CEO.” The former employee went as far as saying the following regarding the matter:

    The only thing that Steve cared about was creating great products. The company, the employees were only there to facilitate that goal. Tim is much more worried about everything at the company.
    Source: The Wall Street Journal
    This article was originally published in forum thread: Cook Reportedly Seeking New Blood for Apple's Board of Directors started by Akshay Masand View original post