NIKE, Inc. Announces Dr. John C. Lechleiter’s Retirement from the NIKE Board of Directors
24 April 2019 - 6:15AM
Business Wire
NIKE, Inc. (NYSE: NKE) today announced that Dr. John C.
Lechleiter, a director of the Company since 2009 and former
Chairman, President and Chief Executive Officer of Eli Lilly and
Company, has decided to retire and will not stand for re-election
to the Board of Directors of NIKE, Inc. (the “Company”) at the
September 2019 Annual Meeting of Shareholders (the “Annual
Meeting”). Dr. Lechleiter’s decision to retire was due to
scheduling conflicts with other boards on which he presently
serves.
Dr. Lechleiter will continue to serve as a NIKE, Inc. director
until the 2019 Annual Meeting. He will be succeeded by Michelle
Peluso, a director since 2014, as Chairperson of the Corporate
Responsibility, Sustainability & Governance Committee of the
Board.
“We’d like to thank John for his contributions as a valued and
trusted advisor and steward since 2009. His insights as a business
leader have been invaluable and we wish him well,” said Mark
Parker, Chairman, President and CEO of NIKE, Inc. “We are also
incredibly pleased that Michelle will succeed John as Chairperson
of the Corporate Responsibility, Sustainability & Governance
Committee. Her passion, commitment and leadership in the key
strategic areas overseen by the Committee will help us build upon
Nike’s leadership position.”
About NIKE, Inc.
NIKE, Inc., based near Beaverton, Ore., 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. Wholly-owned NIKE, Inc. subsidiary brands
include Converse, which designs, markets and distributes athletic
lifestyle footwear, apparel and accessories; and Hurley, which
designs, markets and distributes surf and youth lifestyle footwear,
apparel and accessories. For more information, Nike’s earnings
releases and other financial information are available at
http://investors.nike.com. Individuals can also visit
http://news.nike.com/ and follow @Nike.
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