PARKER TO REMAIN NIKE CEO THROUGH 2020

Nike has announced that Mark Parker will remain as chairman, president, and CEO beyond 2020 and Elliott Hill, former president of Nike Geographies, will take on the new role as president of Consumer and Marketplace. In this role, he will be responsible for Marketing, Geographies, Nike Direct and Global Sales. Michael Spillane will continue to lead all Categories, Design, Product, and Merchandising.

In the new structure, both Hill and Spillane will report directly to Parker. Trevor Edwards, Nike Brand President, has decided to retire from Nike in August. He will now serve as an advisor to Mark Parker until his retirement as Nike transitions its organization.

“I’d like to thank Trevor for the important role he has played for 25 years and for his significant contributions,” said Parker. “He has helped us grow and strengthen our brand on a global scale. I am committed to staying in my role as chairman, president, and CEO beyond 2020. Trevor has decided to retire. We are fortunate to have a strong management team in place who is well suited to drive our next stage of growth and to steward and evolve our culture in the future.”

Parker, 61, has served as president and chief executive officer and a director since 2006. He has been employed by Nike since 1979 with primary responsibilities in product research, design and development, marketing, and brand management.

Parker was appointed divisional vice president in charge of product development in 1987, corporate vice president in 1989, general manager in 1993, vice president of global footwear in 1998, and president of the Nike brand in 2001. He has extensive knowledge and experience regarding company operations, sports marketing, manufacturing, research, design, development, and management, and is an effective leader of Nike.