Nike exec exits amid reports of inappropriate behavior

Nike exec exits amid reports of inappropriate behavior

One person told the Journal that Martin and outgoing Brand President Trevor Edwards protected male underlings who were demeaning to female co-workers.

According to reports, Edwards, 55, had been seen as a potential successor to Parker before his resignation. Analysts are pointing to the deep bench at the Swoosh, including current COO Eric Sprunk.

Nike confirmed the departure of a second senior executive within 24 hours on Friday, an apparent shake-up after the global sportswear giant acknowledged it had received internal complaints about workplace behavior.

Nike trades 0.20% higher in premarket trading.

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Another top executive is out at Nike, a day after Oregon's largest business announced a management shakeup and new measures to deal with "behavior" issues within the company.

Meanwhile Edwards, who has been with the firm since 1992 - serving as brand president since 2013 - will retire in August.

"There had been conduct inconsistent with Nike's principles and we are taking the appropriate actions", spokesman Greg Rossiter said by phone on Thursday, following the announcement of Edwards's departure.

The Journal wasn't immediately able to reach Martin for comment.

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An internal memo written by Mark Parker, which was obtained by Fast Company magazine, has been sent to the company's employees, said he was "disturbed and saddened" by recent reports.

Parker will remain as chief executive and chairman beyond 2020, his memo to staff announced. He joined Nike in 1997 and, in his latest role, oversaw several of Nike's major business units, including women's, running, training, and basketball.

I'd like to thank Nike for his significant contributions to Nike over the last 25 years.

"He has helped us grow and strengthen our brand on a global scale", Parker said.

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In a news release, Parker committed, for the first time, to being chairman and CEO of the company beyond 2020.

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