NIKE Appoints David Denton as New CFO; Matthew Friend Departs
NIKE, Inc. announced the appointment of David Denton as Executive Vice President and Chief Financial Officer, effective August 16, 2026. Matthew Friend will step down from the CFO role and serve as an advisor until his separation on September 4, 2026. Mr. Denton's compensation package includes an annual base salary of $1,450,000, a target annual bonus of 120% of base salary, and an annual target long-term incentive award of $11,500,000, along with one-time cash awards totaling $11,250,000. The company also provided preliminary information regarding its fourth quarter fiscal 2026 financial results, which are expected to be generally in line with previously provided guidance, excluding a benefit from tariff refunds.
Key Highlights
- David Denton appointed Executive Vice President and CFO, effective August 16, 2026.
- Matthew Friend to transition from CFO to advisor until September 4, 2026.
- Denton's annual base salary set at $1,450,000.
- Denton's target annual bonus is 120% of base salary.
- Denton to receive annual target long-term incentive award of $11,500,000.
- Denton to receive one-time New Hire Cash Award of $7,250,000.
- Denton to receive one-time Performance Cash Award with $4,000,000 target.
- Preliminary Q4 FY26 results expected in line with guidance, excluding tariff refunds.
Price Impact
More from NKE