A pedestrian walks past an advertisement for Nike in Mumbai, India.
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Nike announced leadership changes Tuesday that include a new chief operating officer and chief financial officer.
Andy Campion, the current executive vice president and CFO, will replace Eric Sprunk as COO, effective April 1, the company said in a statement, adding that Sprunk will depart Nike.
The company said Matthew Friend, its current CFO of operating segments and vice president of investor relations, will become the new CFO.
Nike stock rose less than 1% after hours on the news. Nike has a market value of nearly $159 billion, and its stock has gained more than 19% over the past year.
Heidi O’Neill, president of Nike Direct, will become president of consumer and marketplace also effective April 1, succeeding Elliott Hill, who will leave Nike, the company said. Nike did not say when Hill and Sprunk will depart the company.
“Heidi and Andy’s leadership has been instrumental in both evolving and driving Nike’s strategy over the last decade,” John Donahoe, president and CEO of Nike said. “In their new roles, we will see them have even greater impact on Nike’s success in the future. Matthew brings more than 10 years of Nike experience to the CFO role and will be a great addition to our executive leadership team.”
The news comes after Nike announced longtime CEO Mark Parker was set to step down effective last month. He was replaced by John Donahoe, a Nike board member and the CEO of ServiceNow.