Second Nike executive leaves company amid workplace conduct complaints

Ivan Schwartz
March 17, 2018

SPORTSGEAR maker Nike yesterday announced the surprise departure of top executive Trevor Edwards, who was considered a potential successor to the firm's chief executive.

Nike said Edwards will be an advisor to Parker, until Edwards retires in August.

Edwards will now serve as an adviser to Parker until his retirement, the Nike spokeswoman added.

Nike's second-highest ranked executive has resigned, The Wall Street Journal reports.

Edwards, 55, had been a Nike employee since 1992 and oversaw the company's worldwide sales unit, retail and e-commerce business.

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The news comes ahead of Nike's third-quarter earnings results, which will be reported after the close Thursday.

Nike Chief Executive Officer Mark Parker sent out a memo to the staff, alerting them they had received complaints about Edwards, which went against Nike's "values" of "inclusivity, respect and empowerment". This includes Elliott Hill taking over as President of Consumer and Marketplace.

"I'd like to thank Trevor for the important role he has played for 25 years and for his significant contributions", Parker stated. We will increase and invest more heavily in our diversity and inclusion teams and networks and additionally will immediately put in place an enhanced process to encourage our employees to speak up and make their voices heard. Nike credits him with spearheading its Nike+ product line, which links its footwear to smartphones and other mobile technology for tracking athletes' performance. As of July, he owned 2.2 million in shares or options - 0.2 percent of the company's stock. Once a Goldman Sachs analyst in the United Kingdom, he spent six years as a manager at Colgate Palmolive before joining Nike.

While Nike could look outside for its next CEO, that scenario isn't likely.

Other reports by GizPress

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