Umbro chief executive officer Steve Makin exited the U.K. soccer brand Monday, the same day Nike Inc. completed its $565 million acquisition of the company.

Matthew Cook, general manager of Nike Italy, succeeds Makin as Umbro’s president and ceo.

Cook joined Nike in January 1993 from Price Waterhouse as finance director of Nike Italy. In 1995, he moved to Nike’s world headquarters in Beaverton, Ore., as global financial planning director. He returned to Nike Italy in 1997 as footwear business director and became general manager in 2000.

“There is real passion and commitment to driving the brand forward among the whole team at Umbro, and Matthew Cook will provide the leadership to grow the business over the coming years, as well as integrating where required with the Nike brand,” said Lee Bird, president of Nike’s subsidiary brands.

Makin joined Umbro in July 2006 as chief financial officer, then last June became ceo. From 1991 to 2006, Makin served at Asda and Wal-Mart in a number of roles, including two years in Germany as Wal-Mart’s commercial finance director.

Makin, who couldn’t be reached for comment on his plans, said, “I have thoroughly enjoyed my time with Umbro, but now is the right time for me to move onto another challenge. Umbro is a hugely exciting global brand and the business is in great shape for continued growth and development.”

This story first appeared in the March 4, 2008 issue of WWD. Subscribe Today.