NIKE, Inc. announced the appointment of Alexandre Arnault to its Board of Directors, effective September 15, 2026. Concurrently, the Board's size was increased to twelve members. Mr. Arnault brings extensive experience from his leadership roles at LVMH Moët Hennessy Louis Vuitton SE, where he currently serves as Deputy CEO of Moët Hennessy.
Key Details
- New Director: Alexandre Arnault, age 34, has significant experience with global luxury brands, including previous roles as Executive Vice President at Tiffany & Co. and CEO of RIMOWA.
- Board Expansion: The appointment increases the size of NIKE's Board of Directors from eleven to twelve members.
- Effective Date: The appointment was effective immediately on September 15, 2026, for an initial term expiring at the 2027 annual shareholders' meeting.
- Compensation: Mr. Arnault received a sign-on award of restricted stock valued at $200,000, which vests after one year of service.