Nike shakes up regional leadership team

Leadership Changes - Nike's leadership changes are part of ongoing turnaround efforts under CEO Elliott Hill, who has elevated regional leaders to the senior team [2][4] - The leadership team has seen significant changes since Hill became CEO in 2024, including the retirement of several longtime executives, but the new team consists mainly of Nike veterans [3][4] Organizational Restructuring - Nike has eliminated the roles of chief technology officer and chief commercial officer, with the Chief Supply Chain Officer taking on the additional responsibilities of chief operating officer [4] - The company is reorganizing its regional senior leadership team, with key exits including Carl Grebert and Angela Dong, and new appointments such as César Garcia and Cathy Sparks [6] Financial Performance - In the second quarter, Nike's revenues increased by 1% year over year to $12.4 billion, primarily driven by growth in North America [5] - The company continues to face challenges in Greater China, which experienced a 17% decline in revenue during the same quarter, indicating a slower turnaround expected in that region [5]