NIKE CEO RESIGNS AMID CONFLICT WITH FOUNDER
Nike Inc., the world’s largest athletic-shoe company, on Monday said CEO William D. Perez resigned over differences with company founder and chairman Philip Knight and was replaced by Mark Parker, co-president of the Nike brand.
Perez, who joined the Beaverton-based company in December 2004 after a long career with consumer-products maker S.C. Johnson, resigned by mutual agreement with the Nike board, Nike said in a statement.
Perez said in the statement that he and Knight "weren’t entirely aligned on some aspects of how to best lead the company’s long-term growth. It became obvious to me that the long-term interests of the company would be best served by my resignation."
FOR THE REST OF THIS STORY VISIT: