Sunday, February 15, 2015

Nike Financial Chief Blair to Retire


 Nike Inc. Chief Financial Officer Donald W. Blair, who has held the post since 1999, will retire.

Andrew Campion, now senior vice president, finance, strategy and investor relations, will become CFO of the sportswear maker on Aug. 1. Mr. Blair will remain with the company through Oct. 31 to support the transition.
Nike Inc. Chief Financial Officer Donald W. Blair, who has held the post since 1999, will retire....

In December, Nike reported strong sales growth for its November quarter, but a dip in future orders coupled with underwhelming margin expansion tempered the outlook.

World-wide orders of Nike apparel and footwear for delivery between December 2014 and April 2015 grew 7%, including currency changes, from the year prior. For the same period a year earlier, the Beaverton, Ore.-based company reported 12% growth.

The company said part of the slowdown was attributable to tough comparisons from the previous year, when demand surged ahead of the summer’s World Cup.

Mr. Campion, a former Walt Disney Co. executive, joined Nike in 2007 as the vice president of global planning and development.

Nike said in a filing that it will consider adjustments to Mr. Campion’s compensation during its annual review of executive compensation in June.