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Nike reorganizes exec ranks

The global sportswear leader’s CEO Mark Parker says the shifts are intended to “drive growth around the world."

“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, CEO of the sporting goods, sportswear and footwear giant.

Among changes, Michael Spillane, vice president of footwear, will become president of product and merchandising, succeeding Jeanne Jackson, who will advise Mr. Parker on future strategy. Mr. Spillane, a nine-year veteran of Nike, was previously vice president for Greater China and formerly was CEO of Converse.

(READ MORE: Wall Street Journal)

Jeanne Jackson, who was president of product and merchandising, will now be a senior strategic adviser to CEO Mark Parker.

Jackson joined Nike in 2009 as president, direct to consumer, reporting to Parker. She is a veteran retail executive, having served as CEO of Walmart.com, Gap Inc. and Banana Republic. She is also a regular on lists ranking the most powerful women in business.

Her appointment comes in a year of transition for Nike. Co-founder Phil Knight will step down as chairman of the board later this year and has recommended that Parker take his place. Even if that happens, Parker is expected to remain CEO.

(READ MORE: Portland Business Journal)

Under Armour — one of Nike’s rivals — saw a 30% growth in sales during the first quarter of 2016.

In other Nike news, Phil Knight told CBS Sunday Morning that he plans to give away most of his $25-billion fortune.

RELATED NEWS: Nike releases images of campus expansion; Former Nike designers now work at Adidas after lawsuit settlement.

 

 

Last modified onFriday, 22 April 2016 10:53

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