NIKE, Inc. (NYSE:NKE) announced today Douglas G. Houser and Orin C.
Smith have decided to retire from the Nike Board of Directors and not
stand for re-election at the annual meeting of shareholders in September
2015.
Houser, 80, who joined Nike’s board in 1970 serves as a member of the
board’s Corporate Responsibility and Sustainability Committee and its
Nominating and Corporate Governance Committee. Smith, 73, who joined the
board in 2004, serves as Chair of the board’s Finance Committee, and as
a member of its Audit Committee.
“For many years we’ve been privileged to have both Doug Houser and Orin
Smith as influential directors on our board. They have provided valuable
insight and contributions and I’m extremely grateful for the leadership
they have brought to Nike over the years,” said chairman of the board
Philip H. Knight. “Doug joined the board before the birth of the Nike
brand and provided valuable guidance to the company through its
challenging formative years to become the world’s leading athletic
footwear, apparel, and equipment brand. Orin has provided seasoned
financial guidance and leadership, resulting in the company’s fiscal
strength and tremendous growth opportunities that we see today. Doug and
Orin have given me thoughtful counsel over the years, and I will
sincerely miss them.”
Houser and Smith will serve until the 2015 shareholder meeting. The
board will announce the succeeding chair of the board’s Finance
Committee after that meeting.
About NIKE, Inc.
NIKE, Inc., based near Beaverton, Oregon, is the world’s leading
designer, marketer and distributor of authentic athletic footwear,
apparel, equipment and accessories for a wide variety of sports and
fitness activities. Wholly-owned NIKE, Inc. subsidiaries include
Converse Inc., which designs, markets and distributes athletic lifestyle
footwear, apparel and accessories, and Hurley International LLC, which
designs, markets and distributes surf and youth lifestyle footwear,
apparel and accessories. For more information, Nike’s earnings releases
and other financial information are available on the Internet at http://investors.nike.com
and individuals can follow @Nike.
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