Stewardship of the Nike brand will pass to Trevor Edwards in a far-ranging reorganization at Nike Inc. made in advance of Charlie Denson’s retirement in January.
Edwards, currently executive vice president of brand and category management at Nike, will succeed Denson as president of the Nike brand on July 1. His responsibilities will include Nike; the Jordan brand; action sports, including Hurley; digital brand, and brand management throughout the world. In an integration of omnichannel activities, wholesale, retail and e-commerce operations will fall under his purview.
Eric Sprunk, currently executive vice president of merchandising and product, has been named to the new post of chief operating officer of Nike Inc. with responsibility for manufacturing, sourcing, information technology and procurement as well as continued oversight of supply chain innovation.
Jeanne Jackson, president of direct-to-consumer, will move to the new post of president of product and merchandising with oversight of footwear, apparel and equipment.
Thomas Clarke, president of new business development, will become president of innovation, leading the company’s advanced product innovation teams and the sustainable business and innovation, or SB&I, team. Hannah Jones will remain vice president of SB&I and report to Clarke while continuing to report to Mark Parker, president and chief executive officer of the Beaverton, Ore.-based company, on policy matters relating to sustainability and labor practices.
Edwards, Sprunk, Jackson and Clarke will report to Parker, as will such current direct-reports as Hilary Krane, general counsel; Don Blair, chief financial officer, and Jim Calhoun, president and ceo of Converse. Krane and Blair are executive vice presidents of the company.
Denson has been with Nike for 34 years and has served as brand president since 2006.
“Charlie’s contributions to Nike are deeply significant and he’s helped build the brand around the world,” Parker said. “I’ve worked with him for more than 30 years and I will miss him. We have a thoughtful succession strategy in place and have built a highly experienced, consumer-focused executive management team with the expertise, acumen and brand knowledge required to continue to build sustainable growth for Nike Inc. for the long term.”
The reorganization affects dozens of executive-level posts throughout the company.
Jayme Martin, currently vice president and general manager of global running, will move up to the same title for global categories. Among those reporting to him will be Patrick Seehafer, Dermott Cleary and Dirk-Jan van Hameren, who have been named vice presidents and general managers of Nike Running, Nike Football and Nike Sportswear, respectively.
Nike reports fourth-quarter and full-year financial results on Thursday. Through the first nine months of its fiscal year, ended Feb. 28, net income rose 8.5 percent to $1.82 billion as revenues were up 8.9 percent to $18.62 billion. Year-to-date footwear and apparel sales rose 8.9 and 8.2 percent, respectively, to $10.65 billion and $5.13 billion.
Harrods plans to remove the famous statue of Princess Diana and Dodi Al Fayed from the bottom of the Egyptian escalators and hand it back to Mohamed Al-Fayed. “We are very proud to have played our role in celebrating the lives of Diana, Princess of Wales and Dodi Al Fayed at Harrods and to have welcomed people from around the world to visit the memorial for the past 20 years,” said Michael Ward, Harrods managing director. “With the announcement of the new official memorial statue to Diana, Princess of Wales at Kensington Palace, we feel that the time is right to return this memorial to Mr. Al Fayed and for the public to be invited to pay their respects at the palace.” More on the news, with reporting by @loreleimarfil, at WWD.com. #wwdnews
@prada is introducing a new project at its men’s fall 2018 show this Sunday: “Prada Invites.” The fashion house invited four celebrated creative minds – @ronanaerwanbouroullec, Konstantin Grcic, @herzogdemeuron and @rem.koolhaas – to each create a unique item with its iconic nylon material. The designs will be unveiled on the runway show, which will take place at the company’s warehouse in Viale Ortles 25. #wwdfashion #mfwm (📷: @martinocarrera)
@kering_official is spinning off its stake in puma in an effort to focus on its luxury brands, the brand operator announced yesterday. “We are proud to have supported the turnaround of Puma, which now has unrivaled capabilities to take full advantage of the specific dynamics of its global markets and is poised to achieve substantial growth,” said François-Henri Pinault, Kering’s chief executive officer and chairman. Artémis will become a “long-term strategic shareholder” of Puma with a 29 percent stake. #wwdnews #wwdfashion (📷: @jilliansollazzo)
The fashion world mourns for celebrated street style photographer, Nabile Quenum, who died at age 32 in Paris.
Quenum, creator of the fashion blog “J’ai Perdu Ma Veste,” was a fashion week fixture, and regularly shot for New York magazine’s The Cut, among other outlets, and brands such as Louis Vuitton, Moncler and Adidas. He was also actively involved in the #NoFreePhotos initiative, which kicked off in the fall. Read more about Quenum in @kbsmoke's story on WWD.com. #wwdnews
@verwanggang and @maisonladuree have teamed up on a dessert collab called Vera Wang Pour Ladurée. The collection, which launched this week, features a specialty macaroon, as well as a wedding cake inspired by one of the designer’s gowns. “I could not imagine a more delicate or sophisticated creation to grace any couple’s celebration,” said Wang. #wwdfashion