Dossier
Matthew Friend
Coverage of Matthew Friend in the Nexus archive.
Nikeorganization2Elliott Hillperson2David Dentonperson1Pfizerorganization1Lowe’s Companies Inc.organization1CVS Healthorganization1$7.25 million cash awardtopic1Converseorganization1On Holdingorganization1Hokaorganization1Boston Marathontopic1World Cuptopic1BNP Paribas Equity Researchorganization1Laurent Vasilescuperson1GlobalDataorganization1Neil Saundersperson1
- Why companies are paying a premium for battle-tested CFOs—and Nike’s struggling turnaround shows what that costs
Nike is hiring David M. Denton as its new CFO, offering a $7.25 million cash award and other incentives. Denton has prior CFO experience at Pfizer, Lowe’s, and CVS Health. Nike’s recent quarterly results show flat revenue and declining gross margins amid strategic challenges.
- Nike’s self-inflicted wounds are risking CEO Elliott Hill’s nascent comeback
Nike's quarterly results revealed mixed performance with modest North American growth but significant declines in China and at Converse. The company faced criticism for a controversial Boston Marathon ad campaign, supply chain issues ahead of the World Cup, and reduced financial disclosures, complicating CEO Elliott Hill's recovery efforts.