Nike’s Brand President Resigns

Trevor Edwards, Nike Inc’s brand President, has resigned, a spokeswoman has said on Thursday.  He will now serve as an adviser to Mark Parker, the brand’s Chief Executive Officer, until August when he retires.  Elliott Hill, the former president of Nike Geographies, will take on the new role of president of consumer and marketplace while Parker will remain chief executive and chairman until his retirement in 2020, Nike stated.

There had been reports of conducts ”inconsistent with Nike’s core values” in recent times but Nike has said they are not directed linked to Edwards. The company will however conduct a review of its human-resources systems and practices for elevating internal complaints

The moves come nearly a year after Nike made several changes to its leadership structure and streamlined its business segments to four from six. It also eliminated a quarter of its shoe styles and cut 2 percent of its workforce.

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