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18.02.2020 22:51:10

Nike remakes executive suite under new CEO

Nike Inc. announced a shakeup in the executive suite Tuesday, after the company welcomed in a new chief executive late last year. Nike said that Chief Operating Officer Eric Sprunk and President of Consumer and Marketplace Elliot Hill issued their resignations on Feb. 12. Andrew Campion, who has served as Nike's chief financial officer, will take over as COO, while Matthew Friend will replace him as CFO, Nike said. Heidi O'Neill will assume the role of head of consumer and marketplace. The executives will assume their new positions on April 1, Nike said, and Hill and Sprunk will remain with the company until later this year. The changes come after Nike named former ServiceNow Inc. and eBay Inc. Chief Executive John Donahoe as its new CEO late last year. in Tuesday's announcement, Donahoe said the changes "set up the company for continued growth and demonstrate the strength of the Nike management bench." Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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