Nike Announces Major Reorganization, Job Cuts

July 22, 2020

NIKE, Inc. announced a series of senior leadership changes supporting the company’s Consumer Direct Acceleration. Amy Montagne becomes VP/GM, Men’s, Whitney Malkiel becomes VP/GM, Women’s and McCallester Dowers becomes VP/GM, Kids. Carl Grebert becomes VP/GM, EMEA, succeeding Bert Hoyt, who will retire from NIKE later in 2020. Sarah Mensah is VP/GM, APLA, while Ann Hebert and Angela Dong will remain the VP/GMs, North America and Greater China. Craig A. Williams, President ofJordan Brand, and G. Scott Uzzell, President and CEO of Converse Inc., will join NIKE’s Executive Leadership Team. Operational model changes to fully align against the CDA are expected to lead to a net loss of jobs across the company, resulting in pre-tax one-time employee termination costs of approximately $200 million to $250 million. Read more on Shop-Eat-Surf.