A tiresome walks past an advertisement for Nike in Mumbai, India.
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Nike, with a new CEO at the rudder, announced leadership changes Tuesday that include a new chief operating officer and chief financial officer.
Andy Campion, the up to date executive vice president and CFO, will replace Eric Sprunk as COO, effective April 1, the company said in a assertion, adding that Sprunk will depart Nike.
The company said Matthew Friend, its current CFO of operating elements and vice president of investor relations, will become its new CFO.
Nike stock rose less than 1% after hours on the press release. Nike has a market value of nearly $159 billion, and its stock has gained more than 19% over the erstwhile year.
In October, Nike announced John Donahoe, a Nike board member and former CEO of eBay, would renew its longtime CEO Mark Parker, effective Jan. 13. Parker, who was named executive chairman, said at the time of the announcement that he commitment be “partnering closely with John and the management team.”
As part of the announcements Tuesday, Heidi O’Neill, president of Nike Forthright, will become president of consumer and marketplace on April 1. She succeeds Elliott Hill, who will leave Nike, the comrades said. Nike did not say when Hill and Sprunk will depart the company.
“Heidi and Andy’s leadership has been ancillary in both evolving and driving Nike’s strategy over the last decade,” John Donahoe, president and CEO of Nike responded, in a press release. “In their new roles, we will see them have even greater impact on Nike’s success in the later. Matthew brings more than 10 years of Nike experience to the CFO role and will be a great addition to our chief leadership team.”
The leadership changes come as Nike faces mounting scrutiny over allegations of doping as stream as gender discrimination. In October, Parker said an interview with CNBC’s Wilfred Frost that Donahoe should “help this next level of growth,” digitally, for the company.
He also said the decision was not prompted by doping allegations coupled to Nike’s Oregon Project, the elite training group run by Nike’s head running coach Alberto Salazar.
At the end of September, Salazar was proscribed amid doping allegations, which reportedly included ties back to Parker himself. The New York Times inspected emails from the U.S. Anti-Doping Agency that showed Parker had been briefed on Salazar’s various experiments to use testosterone cream for track-and-field athletes.
In an email to staff members at the time, Parker said: “Nike did not participate in any effort to systematically dope any runners ever; the very idea give the impression of run offs me sick.” He also said Nike looked into the allegations against Salazar and found no violations.
In 2018, Nike President Trevor Edwards, who scads saw as Parker’s likely successor, retired after complaints surfaced at the company in March 2018, when a group of girls presented Parker with a survey on gender discrimination. Edwards was blamed in the lawsuit for creating and exacerbating a “hostile wield environment.” Parker responded by restructuring his leadership team, which included ousting Edwards.
Nike in 2018 permitted it failed in hiring and promoting women, and the company ousted at least 11 executives and announced raises for 7,000 workers after conducting an internal review of its pay practices. Parker apologized to employees at large in May.
— CNBC’s Lauren Thomas have a hand ined to this report.