BEAVERTON, Ore. - Wednesday, 24. June 2026
David M. Denton named incoming Chief Financial Officer
(BUSINESS
WIRE) -- NIKE, Inc. (NYSE:NKE) today announced that David M. Denton
will join the company as Executive Vice President and Chief Financial
Officer, effective August 17. Matthew Friend will step down as Executive
Vice President and Chief Financial Officer at that time and remain with
the company through September 4 to support an orderly transition.
Friend will participate in the company’s fourth quarter fiscal 2026
earnings call on June 30, as planned.
Denton will lead Nike’s
global finance organization, partnering with President and Chief
Executive Officer Elliott Hill and the Senior Leadership Team to support
disciplined execution, capital allocation, and long-term value
creation.
“Dave is a proven public-company CFO who knows how to
help great consumer brands operate with discipline and invest to win,”
said Elliott Hill, President and Chief Executive Officer, NIKE, Inc.
“We’re focused on doing what Nike does best: serving athletes, leading
with sport and building the most innovative products in the world.
Dave’s experience, judgment, and operating rigor will help us execute
against these priorities with consistency and build on the progress
underway.”
Denton joins Nike from Pfizer, Inc., where he has
served as Chief Financial Officer and Executive Vice President since May
2022. He brings more than 30 years of finance and operating leadership
experience across complex global public companies. Prior to Pfizer,
Denton served as Chief Financial Officer and Executive Vice President of
Lowe’s Companies, Inc. from 2018 to 2022, where he oversaw finance,
strategy, and other enterprise functions while helping advance the
company’s transformation and growth priorities. Earlier in his career,
he spent two decades at CVS Health Corporation, including as Executive
Vice President and Chief Financial Officer, where he helped guide the
company’s evolution into a diversified health solutions organization.
Denton also brings public company governance experience having
previously served on the Boards of Directors of Haleon (2023–2024) and
Tapestry (2014–2023) and is expected to serve on the Board of Honeywell
Aerospace following its planned spin-off from Honeywell.
“Nike is
one of the world’s great brands, with extraordinary strengths in sport,
innovation, and global scale,” said Denton. “I’m excited to partner
with Elliott and the leadership team to support the company’s
priorities, invest with discipline, and help deliver sustainable
long-term value as Nike continues to lead with sport and serve athletes
around the world.”
"This is a natural moment for a leadership
transition as we move from foundational actions to sustained growth
through our Sport Offense operating model,” added Hill. “I’d like to
thank Matt for his many contributions to Nike over the years. He has
dedicated a significant part of his career to this company and has been a
valued colleague and partner to many across Nike. We are grateful for
his service, appreciate his commitment to ensuring a seamless
transition, and wish him all the best in his next chapter.”
NIKE, Inc. Provides Update on Expected Fourth Quarter Fiscal 2026 Results
As
previously announced, NIKE, Inc. will report fourth quarter and fiscal
year 2026 results on Tuesday, June 30th at 2:00 p.m. PT. These results
will include a benefit from tariff refunds that was not contemplated in
the company’s previously provided guidance. Excluding this one-time
benefit, fourth quarter results are expected to be generally in line
with previously provided guidance.
About NIKE, Inc.
NIKE,
Inc., headquartered in Beaverton, Oregon, is the world's leading
designer, marketer and distributor of authentic athletic footwear,
apparel, equipment and accessories for a wide variety of sports and
fitness activities. Converse, a wholly-owned NIKE, Inc. subsidiary
brand, designs, markets and distributes athletic lifestyle footwear,
apparel and accessories. For more information, NIKE, Inc.’s earnings
releases and other financial information are available on the Internet
at https://investors.nike.com/. Individuals can also visit
https://about.nike.com/ and follow NIKE on LinkedIn, Instagram and
YouTube.
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Contacts
Investor Contact:
Paul Trussell
investor.relations@nike.com
Media Contact:
Sandra Carreon-John
media.relations@nike.com