Nike Inc. EVP/CFO Donald W. Blair will retire from the company in October, to be succeeded by SVP of finance, strategy and investor relations Andrew Campion. Blair will help Campion transition into the role starting July 31.
“Don has been CFO for Nike during a tremendous period of growth for our company,” said CEO Mark Parker. “Don has been instrumental in shaping our long-term financial strategy and helping us deliver significant value for our shareholders over the last 16 years. I have personally appreciated his thoughtful guidance, his global perspective and his wisdom. He leaves behind a strong team and I know I speak for everyone when I say how very much he will be missed.”
Under Blair’s tenure, the company says, revenue has tripled and earnings have increased six-fold.
“We are pleased Andy will be stepping into the CFO role,” added Parker. “I have worked closely with Andy over the last eight years as he has led corporate strategic planning, served as CFO for our flagship Nike brand, and most recently as the head of finance, strategy and IR. We have a strong business plan in place and we look forward to Andy’s leadership in guiding our financial strategy as we continue to drive profitable growth in our business worldwide.”
Campion has been with Nike since 2007 when he joined the company as VP of global planning and development. He became CFO of the Nike Brand in 2010. He was promoted to his current role in 2014 and maintained his position as CFO of Nike Brand.