NIKE Appoints David Denton As CFO
KUALA LUMPUR, June 24 (Bernama) -- NIKE Inc has appointed David M. Denton as Executive Vice President (EVP) and Chief Financial Officer (CFO), effective Aug 17, as the company continues to advance its growth strategy and operational priorities under President and Chief Executive Officer, Elliott Hill.
Denton will succeed Matthew Friend, who will step down from the role on and remain with the company through Sept 4 to support an orderly transition. Friend is also expected to participate in Nike's fourth quarter (Q4) fiscal 2026 earnings call on June 30.
"Dave is a proven public-company CFO who knows how to help great consumer brands operate with discipline and invest to win. We are focused on doing what Nike does best: serving athletes, leading with sport and building the most innovative products in the world," said Hill in a statement.
Hill described the appointment as part of a broader leadership transition as Nike moves from foundational actions toward sustained growth through its Sport Offense operating model.
He also thanked Friend for his contributions during his tenure and for supporting a smooth transition process.
Meanwhile, Denton said: "Nike is one of the world's great brands, with extraordinary strengths in sport, innovation and global scale. I am excited to partner with Elliott and the leadership team to support the company's priorities, invest with discipline and help deliver sustainable long-term value."
Denton joins Nike from Pfizer Inc, where he has served as CFO and EVP since 2022. He brings more than 30 years of finance and operational leadership experience across global public companies, including previous senior finance roles at Lowe's Companies Inc and CVS Health Corporation.
Separately, Nike said its Q4 fiscal 2026 results, scheduled for release on June 30, will include a benefit from tariff refunds that was not contemplated in previously issued guidance. Excluding the one-time benefit, the company expects Q4 results to be generally in line with its earlier outlook.
-- BERNAMA