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The global fashion business journal

20 Jul 201906:59

Nike appoints financial expert to board of directors

The American company has appointed as new member of the company’s board of directors John W. Rogers Chairman, CEO and Chief Investment Officer of Ariel Investments

20 Nov 2018 — 16:00
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Nike appoints financial expert to board of directors

 

 

Nike includes financial experience to its board. The American sports giant has appointed John W. Rogers as a new member of its board of directors. Rogers is founder and CEO of Ariel Investments.

 

The new Nike director is a businessman who founded his investment firm back in 1983 focusing on underestimated small and medium companies. He has also been a member of the administration board of groups like Exelon, McDonald’s and The New York Times.

 

“John brings with him a depth of financial expertise and we are pleased to welcome him to Nike’s Board of Directors” commented Mark Parker, Nike’s president and CEO. “His insights as a business leader will be invaluable as Nike moves into its next phase of accelerated growth”, added he.

 

The group ended the first quarter of the fiscal year with a revenue of 9.94 billion dollars (8.45 billion euros), 10% more. Its net profit also increased in a double-digit, concretely a 15%, reaching the figure of 1.09 billion dollars (928 million euros).

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