BEAVERTON, Ore. - NIKE, Inc. (NYSE: NKE) announced today that Treasure Heinle will take over as the new Executive Vice President and Chief Human Resources Officer (CHRO), effective January 6, 2025. Heinle, who is currently serving as the company's Chief Talent Officer, will succeed Monique Matheson, NIKE's long-standing CHRO, who is set to retire after a 26-year tenure.
Elliott Hill, President & CEO of NIKE, Inc., praised Heinle's extensive career and her success in various HR roles within the company, highlighting her contributions to NIKE's culture and growth strategy. Heinle's experience includes leading Business HR for NIKE's Global Operations and Global Consumer & Marketplace teams and prior HR leadership roles at Danaher (NYSE:DHR), Tektronix, and In-Focus before joining NIKE in 2012.
Monique Matheson joined NIKE in 1998 and has held various HR leadership positions throughout the company, culminating in her role as CHRO in 2017. Hill commended Matheson's commitment to fostering a high-performance workplace and making NIKE a premier destination for talent.
This leadership transition comes as NIKE continues to position itself as a leading global brand in athletic footwear, apparel, and equipment, with subsidiary brands such as Converse and Jordan Brand under its umbrella.
The information for this article is based on a press release statement from NIKE, Inc.
In other recent news, Nike Inc (NYSE:NKE). has been at the center of several significant developments. Needham initiated coverage on the sportswear giant with a Buy rating, expressing optimism for a potential turnaround under new CEO Elliott Hill. Meanwhile, TD (TSX:TD) Cowen adjusted Nike's financial outlook, reducing the price target from $78.00 to $73.00, citing potential challenges ahead, but retained a hold rating on the company's shares.
Nike also announced an 8% increase in its quarterly cash dividend, marking the 23rd consecutive year of dividend increases. In other company news, Nike reshuffled its Senior Leadership Team, appointing Ann Miller as the new Executive Vice President of Global Sports Marketing following the retirement of John Slusher. The company also extended its global partnership with the NBA, WNBA, and the NBA G League until 2035.
On Holding AG reported a surge in sales, particularly for its newly released running shoes, leading to an increased full-year sales forecast. The company's third-quarter sales climbed 32.3%, and wholesale revenue increased by 23.2%. These are just some of the recent developments shaping the conversation around Nike and On Holding AG.
InvestingPro Insights
As NIKE, Inc. (NYSE: NKE) prepares for this significant leadership transition in its human resources department, it's worth examining some key financial metrics that provide context to the company's current position.
According to InvestingPro data, NIKE boasts a substantial market capitalization of $118.05 billion, underscoring its position as a major player in the global athletic apparel and footwear market. This aligns with the InvestingPro Tip that NIKE is a "prominent player in the Textiles, Apparel & Luxury Goods industry."
Despite its strong market presence, NIKE faces some challenges. The company's revenue growth for the last twelve months as of Q1 2025 shows a decline of 2.83%, with an even steeper quarterly revenue drop of 10.43%. This data supports another InvestingPro Tip that "analysts anticipate sales decline in the current year."
On a positive note, NIKE has demonstrated a commitment to shareholder returns. The company has raised its dividend for 23 consecutive years and has maintained dividend payments for 41 consecutive years, as highlighted by InvestingPro Tips. This consistent dividend policy may provide some reassurance to investors during periods of revenue challenges.
For those interested in a deeper dive into NIKE's financial health and future prospects, InvestingPro offers 11 additional tips, providing a comprehensive analysis of the company's position in the market.
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