Nike, Inc. announced David M. Denton will become its new Executive Vice President and Chief Financial Officer, succeeding Matthew Friend, who is departing. Denton brings extensive financial leadership experience from companies like Honeywell and General Electric. The transition will occur on December 4, 2023, with Friend remaining through February 2024 to ensure a smooth handover. John Donahoe, President and CEO of Nike, expressed confidence in Denton’s abilities to guide the company’s financial strategy. This change comes as Nike continues to navigate a dynamic global market and implement its long-term growth plans. Denton’s appointment signals a strategic move to bolster Nike’s financial operations under new leadership.