Donald Blair, chief financial officer of Nike Inc. since 1999, plans to retire on July 31.
Andrew Campion, currently senior vice president of finance, strategy and investor relations for the firm, will succeed him as cfo.
Blair will serve as cfo through July and remain with the company through October to aid in the management transition.
The company noted that, during Blair’s tenure as cfo, “revenue has more than tripled, earnings per share have increased six-fold and the company’s market value has increased over eight times, delivering top-quartile total shareholder return of 16 percent per year.”
Before joining Nike, Blair spent 15 years with PepsiCo in a variety of finance and strategy roles in both the U.S. and Asia.
Campion, a veteran of Walt Disney Co., joined Nike in 2007 as vice president of global planning and development and became cfo of the Nike brand in 2010. He was promoted to his most recent post last year.
“Don has been cfo for Nike during a tremendous period of growth for our company,” said Mark Parker, president and chief executive officer of Nike. “Don has been instrumental in shaping our long-term financial strategy and helping us deliver significant value for our shareholders over the last 16 years. I have personally appreciated his thoughtful guidance, his global perspective and his wisdom.”