This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

NIKE Announces Strategic Leadership Changes

Stocks in this article: NKE

Edwards, Sprunk, Jackson and Clarke will report directly to Mark Parker, NIKE, Inc.’s President and CEO, along with Parker’s current direct reports including Hilary Krane who becomes EVP, Chief Administrative Officer and General Counsel, Don Blair, EVP and Chief Financial Officer, David Ayre, EVP of Global Human Resources, John Slusher, EVP of Global Sports Marketing, Jim Calhoun, President & CEO of Converse, John Hoke, VP of Global Design and Tinker Hatfield, VP of Creative Concepts.

“Charlie’s contributions to NIKE are deeply significant and he’s helped build the brand around the world. I’ve worked with him for more than 30 years and I will miss him,” said Parker. “We have a thoughtful succession strategy in place and have built a highly experienced, consumer-focused executive management team with the expertise, acumen, and brand knowledge required to continue to build sustainable growth for NIKE, Inc. for the long-term.”*

Prior to his retirement in January 2014, Denson will work closely with Parker to help manage the transition.

ADDITIONAL MANAGEMENT CHANGES

The company also announced a number of additional senior management changes.

Gary DeStefano, President of Global Operations, has decided to retire after 31 years with the company. His retirement is effective July 29, 2013. Effective July 1, Elliott Hill, VP & GM of North America, will become President of Geographies and Sales. Jayme Martin, the VP & GM of Global Running, will become VP & GM of Global Categories. NIKE Golf will now report to Martin. Christiana Shi, the VP of e-commerce, will become President of Direct to Consumer, leading NIKE’s retail and e-commerce organizations. Hill, Martin and Shi will report directly to Edwards.

“I would like to thank Gary for his leadership, particularly for the important role he played in building our geography structure around the world and his dedication to the company. We greatly value his contributions and his part in developing the next generation of leaders at NIKE,” said Parker.

2 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs