Trevor Edwards resigns as Nike’s president

Trevor Edwards will advise Mark Parker, Nike’s CEO until his retirement in August 2018.

A spokeswoman for Nike Inc stated, its brand President Trevor Edwards has resigned and is set to retire in August 2018.

The Wall Street Journal had earlier reported, citing an internal memo, Nike had received, in recent weeks, reports of “behavior occurring within our organization that do not reflect our core values of inclusivity, respect and empowerment.”

Nike’s spokeswoman went on to add, there has been “conduct inconsistent with Nike’s core values and against our code of conduct,” and that there have been no direct allegations of misconduct against Edwards.

“When we hear of claims we investigate and take the appropriate action,” she said.

As for Edwards role in the company, she said, he will now serve as an adviser to Mark Parker, Nike’s CEO until his retirement.

In a statement, Nike said, Elliott Hill, the former president of Nike Geographies, will now take up the new role of president of consumer and marketplace while Parker will remain the firm’s CEO and chairman beyond 2020.

In recent years, Nike, under Edwards, has made several systemic changes to its leadership structure and has streamlined its business segments to four from six. It has also cut down on 2% of its workforce and a quarter of its shoe styles.

In its internal memo, Parker stated the firm was in the process of conducting a review of its human-resources systems and practices so as to address and elevate internal complaints in this “…very difficult time”.

The nature of the complaints, and whether they involved any executives is not currently known.

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Categories: Creativity, Entrepreneurship, HR & Organization, Regulations & Legal, Strategy

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