Douglas G. Houser and Orin C. Smith Announce Retirement from Nike Board of Directors
June 18 2015 - 5:00PM
Business Wire
NIKE, Inc. (NYSE:NKE) announced today Douglas G. Houser and Orin
C. Smith have decided to retire from the Nike Board of Directors
and not stand for re-election at the annual meeting of shareholders
in September 2015.
Houser, 80, who joined Nike’s board in 1970 serves as a member
of the board’s Corporate Responsibility and Sustainability
Committee and its Nominating and Corporate Governance Committee.
Smith, 73, who joined the board in 2004, serves as Chair of the
board’s Finance Committee, and as a member of its Audit
Committee.
“For many years we’ve been privileged to have both Doug Houser
and Orin Smith as influential directors on our board. They have
provided valuable insight and contributions and I’m extremely
grateful for the leadership they have brought to Nike over the
years,” said chairman of the board Philip H. Knight. “Doug joined
the board before the birth of the Nike brand and provided valuable
guidance to the company through its challenging formative years to
become the world’s leading athletic footwear, apparel, and
equipment brand. Orin has provided seasoned financial guidance and
leadership, resulting in the company’s fiscal strength and
tremendous growth opportunities that we see today. Doug and Orin
have given me thoughtful counsel over the years, and I will
sincerely miss them.”
Houser and Smith will serve until the 2015 shareholder meeting.
The board will announce the succeeding chair of the board’s Finance
Committee after that meeting.
About NIKE, Inc.
NIKE, Inc., based near Beaverton, Oregon, is the world’s leading
designer, marketer and distributor of authentic athletic footwear,
apparel, equipment and accessories for a wide variety of sports and
fitness activities. Wholly-owned NIKE, Inc. subsidiaries include
Converse Inc., which designs, markets and distributes athletic
lifestyle footwear, apparel and accessories, and Hurley
International LLC, which designs, markets and distributes surf and
youth lifestyle footwear, apparel and accessories. For more
information, Nike’s earnings releases and other financial
information are available on the Internet at
http://investors.nike.com and individuals can follow @Nike.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20150618006387/en/
NIKE, Inc.Investor Contact:Kelley
Hall, 503-532-3793orMedia
Contact:Kellie Leonard, 503-671-6171
Nike (NYSE:NKE)
Historical Stock Chart
From Sep 2024 to Oct 2024
Nike (NYSE:NKE)
Historical Stock Chart
From Oct 2023 to Oct 2024