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Nike has appointed David Denton as its new chief financial officer to replace Matthew Friend, who will step down from the role on 17 August.
Denton joins the sportswear brand from pharmaceutical firm Pfizer, where he has served as finance chief since May 2022. He has more than 30 years of corporate finance experience, including previous executive roles at Lowe’s and CVS Health.
Friend will remain with the company until 4 September to assist with the handover. He will also participate in the upcoming Q4 earnings call scheduled for 30 June.
Nike confirmed its fourth quarter results will include a financial benefit from tariff refunds. Excluding this one-time benefit, the company expects results to align with previous guidance.
Denton will lead the global finance team, working alongside chief executive Elliott Hill to manage capital allocation and long-term strategy.
Hill said: “Dave is a proven public-company CFO who knows how to help great consumer brands operate with discipline and invest to win.”
Denton added: “I’m excited to partner with Elliott and the leadership team to support the company’s priorities, invest with discipline and help deliver sustainable long-term value.”
