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Apple's Tim Cook Said to be Searching for New Board Directors


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NEW YORK (TheStreet) -- Apple  (AAPL - Get Report) chief executive Tim Cook is said to be actively seeking new directors to add to the company's board, according to a report by the Wall Street Journal.

VIDEO TRANSCRIPT:

Apple is said to be seeking new directors to add to its board, according to a report by the Wall Street Journal.

The report says that Apple chief executive Tim Cook is actively seeking to expand the eight-person board, which consists of six directors that are aged 63 or older and four that have served for more than a decade.  Two directors, Intuit (INTU - Get Report) chief executive Bill Campbell and J. Crew chief executive Millard Drexler have been on the board since the late 1990s.  Cook has already added Disney (DIS - Get Report) chief executive Bob Iger and promoted Art Levinson as chairman.

The report describes a transforming company that is transitioning under Cook's leadership to one quite different from the Apple run by late founder and CEO Steve Jobs.  Beyond the board directors, Cook has also changed Apple by becoming more environmentally-friendly, incorporating an employee donation-matching program and creating a so-called kinder workplace.

In New York, I'm Brittany Umar for TheStreet.

-- Written by Brittany Umar in New York.

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