Millard Drexler, one of eight board members for Apple, has announced that he is to step down following the end of his current term
That leaves the board of directors with seven members unless a suitable replacement is found before March 10. This is the second announced board change in six months, after Susan Wagner took over from Bill Campbell in July.
Drexler has been a part of Apple since 1999, and is 70 years old. He’s also the CEO of J.Crew and was formerly in the same role for Gap, inc. He joined Apple to help them become more of a household name in the retail sector. Two years later in 2001, the first Apple Stores opened. Now, Apple stores are opening up globally to a fanfare of media attention each and every time.
Expect Apple to be hard at work over the next month searching for a suitable replacement. After all, the most valuable company in the world didn’t reach a market cap of $700 billion without an extremely thorough vetting process.