Apple board member Millard Drexler to retire in March, replacement unknown

Millard "Mickey" Drexler. | Source: Business of Fashion

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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.