Nike President Resigns Amid Reports Of Inappropriate Behavior
17 March, 2018, 00:54 | Author: Terri Saunders
Trevor Edwards discusses the Apple Watch with Nike+ during a media event in San Francisco Thomson Reuters (Reuters) - Nike Inc's brand President Trevor Edwards has resigned immediately, the Wall Street Journalreported on Thursday, hours after the world's largest shoe maker said the executive would retire in August.
Some social media posts on Friday suggested "no tears are being shed" by Nike staff over Edwards' departure.
Nike said in a statement that "there has been conduct inconsistent with Nike's core values and against our code of conduct".
While the memo didn't directly point to Edwards, Parker said he's "determined to make the necessary changes so that our culture and our company can evolve and grow", adding, "we've heard from strong and courageous employees".
It describes the company enduring a "very hard time" and promises an HR review to "elevate" internal complaints.
In announcing his exit, Nike said that current CEO Mark Parker will stay in the job beyond 2020, delaying a potential succession contest. He has led Nike since 2006.
Nike made Elliott Hill, formerly president of Nike Geographies, president of the company's consumer and marketplace group.
The executive, Jayme Martin, served as a vice president and general manager of global categories for Nike and reported to Edwards.
I'd like to thank Nike for his significant contributions to Nike over the last 25 years.
An internal memo detailing the claims, written by Nike Chief Executive Officer Mark Parker, has since been circulating in full on social media. Although he was at the company since 1992, sources say there has been no outward talk that the 55-year-old Edwards was ready to retire and the high position that he holds at the company normally includes a greater wind-down before retirement.
The shake-up comes as Nike tries to cope with a sales slump in its key North American market.
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