NIKE, Inc. Announces Strategic Management Changes
April 21 2016 - 05:53PM
Business Wire
NIKE, Inc. (NYSE:NKE) today announced management and
organizational changes to drive continued growth.
“We are fortunate to have built a strong and deep bench of
talent across our organization. As we move forward to deliver our
long-term goals, the leadership changes we are announcing today
will help us to continue to drive growth around the world,” said
Mark Parker, President and CEO, NIKE, Inc.*
Michael Spillane, VP / GM of Footwear, will become President,
Product and Merchandising succeeding Jeanne Jackson. Jackson will
move to a new role working directly with Parker advising on future
strategy. Spillane has been with Nike for nine years. He was
previously VP / GM of Greater China and President and CEO of
Converse.
Elliott Hill, President of Geographies and Sales, will become
President of Geographies and Integrated Marketplace, overseeing
both the wholesale and direct to consumer businesses. Hill has
nearly three decades of global Nike experience, having held senior
leadership positions in Sales, Geographies, and DTC. Christiana
Shi, President of DTC, will retire in September to spend more time
with her family. Shi joined Nike in 2010 and has led the growth and
strengthening of the Company’s DTC capabilities. She will be
succeeded by Heidi O’Neill. O’Neill has been at Nike since 1998 and
was the VP / GM of Nike Women’s business for seven years and led
strong growth in the category before moving to VP of Nike Stores in
2014. As President of DTC, O’Neill will report to Hill.
Davide Grasso, Chief Marketing Officer, will become President
and CEO of Converse. Grasso has more than 20 years of Nike
experience and has been Chief Marketing Officer for the last three
years. Nike veteran marketer and designer, Greg Hoffman, VP of
Global Brand Creative and Experience, will succeed Grasso as Chief
Marketing Officer. Jim Calhoun, currently President and CEO of
Converse, will be leaving the Company to pursue other interests
after the transition with Grasso.
Spillane and Grasso will report to Parker. Hill and Hoffman will
report to Trevor Edwards, President, Nike Brand.
About NIKE, Inc.
NIKE, Inc., based near Beaverton, Oregon, is the world's leading
designer, marketer and distributor of authentic athletic footwear,
apparel, equipment and accessories for a wide variety of sports and
fitness activities. Wholly-owned NIKE, Inc. subsidiary brands
include Converse, which designs, distributes and licenses casual
sneakers, apparel and accessories; and Hurley, which designs and
distributes a line of action sports and youth lifestyle apparel and
accessories. For more information, NIKE, Inc.’s earnings releases
and other financial information are available on the Internet at
http://investors.NIKE.com. Individuals can also visit
http://news.nike.com/ and follow @Nike.
* The marked paragraph contains “forward-looking statements”, as
defined in the Private Securities Litigation Reform Act of 1995,
concerning the impact of certain management changes that involves
risks and uncertainties that could cause actual results to differ
materially. These risks and uncertainties are detailed from time to
time in reports filed by NIKE with the Securities and Exchange
Commission (SEC), including Forms 8-K, 10-Q, and 10-K. These
forward-looking statements speak only as of the date of this press
release, and NIKE does not undertake any obligation to revise or
update such statements, whether as a result of new information,
future events, or otherwise.
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NIKE, Inc.Investor Contact:Kelley
Hall, 503-532-3793orMedia
Contact:Kellie Leonard, 503- 671-6171
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