Nike IRO powers forward in new CFO role for Jordan

Nov 11, 2013
<p>Former vice president of investor relations becomes CFO for firm&rsquo;s flagship sneaker brand</p>

Gavin Lindberg, Nike’s former vice president of IR, is set to be come vice president and CFO of the sporting goods firm’s Jordan brand this week.

An email sent last week by Kelley Hall, Nike’s vice president of treasury and IR, outlines Lindberg’s future role as part of the company’s trainer brand, named after the retired basketball player Michael Jordan.

Hall writes that Lindberg will ‘work closely with the other members of the Jordan brand leadership team to drive the strategic growth agenda for this important Nike brand’.

Hall goes on to say that Lindberg’s successor will be named ‘shortly’, before adding that remaining IROs Kathy Strege and Maura Wick ‘will continue to provide outstanding support to our IR efforts’.

Lindberg has been at the firm for some years, and has adopted a number of roles across Nike’s operations. After two years with the investor relations department for the corporation as a whole Lindberg is, in some ways, returning to a role he has already held.

Though he started as a financial manager in the firm’s USA Apparel department, before becoming a director of finance for the Americas, he had two-year tenure as the CFO of Nike Japan between 2009 and 2011.

It is not yet known who will replace Lindberg in Nike’s IR department, though a shakeup across the firm’s senior management appears to be underway. Last week Scott LeClair, formerly general manager of Nike Skate and Snow and one-time CEO of Hurley, moved across to the firm’s Action Sports division after long-serving Nike employee Roger Wyett chose to retire.

At Nike’s most recent investor meeting, its executives set out plans to hit a revenue target of $36 bn. In the firm’s first quarterly report for 2014, Nike revealed that revenues from continuing operations had already increased by 8 percent to hit $7 bn. Results were broadcast online through real-time video, with an archived version made available shortly afterwards on the firm's website.

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