Top Nike Executive to Retire Following Workplace Behavior Probe
President Trevor Edwards was seen as a potential CEO but will retire in August.
On the same day, Nike sent a company-wide email to employees alluding to workplace behavior issues following a probe, it was announced president Trevor Edwards would be resigning from the company.
Edwards, who was viewed as a possible candidate to become CEO, is leaving the company immediately but will serve as an advisor current CEO Mark Parker until he fully retires in August.
The email from Paker that was sent to employees did not mention 55-year-old Edwards by name, but did say Nike was “determined to make the necessary changes so that our culture and our company can evolve and grow.”
“Over the past few weeks, we’ve become aware of reports occurring within our organization that do not reflect our core values of inclusivity, respect and empowerment at a time when we are accelerating our transition to the next stage of growth and advance of our culture,” Parker wrote, according to ESPN. “This disturbs and saddens me.”
Sources told ESPN there has been no talk that Edwards was ready to retire before this incident.
Thanks for reading InsideHook. Sign up for our daily newsletter and be in the know.