Management ChangeJul 15, 2026, 04:47 PM
NIKE CFO Matthew Friend to Transition, Depart in September
AI Summary
NIKE, Inc. announced that Matthew Friend will transition from his role as Executive Vice President and Chief Financial Officer on August 17, 2026, subsequently serving as an advisor before his separation from the company on September 4, 2026. The annual report highlights NIKE's global leadership in athletic footwear and apparel, sold through NIKE Direct and wholesale channels under the NIKE, Jordan, and Converse brands. In fiscal 2026, US sales constituted 44% of total revenues, with international markets contributing 56%. The company employs approximately 73,000 people worldwide and relies on independent manufacturers, primarily outside the US, for nearly all its products.
Key Highlights
- EVP and CFO Matthew Friend to step down on August 17, 2026.
- Friend will serve as an advisor until his separation on September 4, 2026.
- US sales accounted for 44% of total revenues in fiscal 2026.
- Non-US sales accounted for 56% of total revenues in fiscal 2026.
- Vietnam, Indonesia, and China manufactured 95% of NIKE Brand footwear.
- Vietnam, Cambodia, and China manufactured 61% of NIKE Brand apparel.
- Company had approximately 73,000 employees worldwide as of May 31, 2026.
- No single customer accounted for 10% or more of consolidated revenues.
Price Impact
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