Nike brand President Trevor Edwards has resigned and will retire in August. The Wall Street Journal, citing an internal memo, reported Nike had received reports of behavior occurring within the organization that do not reflect our core values of inclusivity, respect and empowerment.
Due to conduct inconsistent with Nike’s core values and against code of conduct, there have been no direct allegations of misconduct against Edwards. Edwards will now serve as an adviser to Nike Chief Executive Officer Mark Parker until his retirement. Elliott Hill, the former president of Nike Geographies, will take on the new role of president of consumer and marketplace, says Nike.
Nike further added that Parker will remain chief executive and chairman beyond 2020. The moves come nearly a year after Nike made several changes to its leadership structure and streamlined its business segments to four from six. It also eliminated a quarter of its shoe styles and cut 2 percent of its workforce.
According to the sources in the memo, Nike was conducting a review of the company’s human-resources systems and practices for elevating internal complaints.