AppleInsider Staff
Longtime Apple board member Millard "Mickey" Drexler announced intentions to retire at the end of his current term, which will end in March at the company's annual shareholders meeting, leaving seven candidates for election to fill his place.
Apple announced Drexler's retirement in a Securities and Exchange Commission filing on Thursday, noting the 70-year-old has served on the company's board of directors since 1999.
According to the document, Drexler informed Apple of his plans to retire on Jan. 16. The company's board has not yet decided on a suitable replacement to fill the vacancy.
Outside of Apple, Drexler is the CEO of fashion brand J. Crew, a position he took in 2003 after exiting the same role at Gap, Inc a year prior.
Drexler will remain active as a member of the compensation and nominating committees until taking his leave at the end of the current term, which is slated for March 10, 2015.
Today's news comes about six months after another long-standing Apple board member retired last year. Bill Campbell, Apple's longest serving director at the time, stepped down after 17 years of service and was replaced by BlackRock cofounder Susan Wagner in July.
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27 Comments
About time. Been on the Board way too long, and at this point, Apple could school him on retail rather than the other way around. It's time to appoint someone from abroad, a person who represents a huge current or potential foreign market. Someone from, say China, India, or Brazil.
About time. Been on the Board way too long, and at this point, Apple could school him on retail rather than the other way around.
It's time to appoint someone from abroad, a person who represents a huge current or potential foreign market. Someone from, say China, India, or Brazil.
Naah. I was thinking Eric Schmidt again.
Indra Nooyi comes to mind, but I don't know if she'd have time for that. Plus the history of bringing PepsiCo people to Apple is not a good one.
How about Elon Musk or John Legere?
How about Elon Musk or John Legere?
Elon has too many ties to Google now, and I think it'd be seen as a conflict of interest to have a carrier CEO on the board of the world's most successful phone maker.
Most companies no longer give gold watches at retirement but maybe this guy will get one.