NIKE names David Denton as new CFO; Q4 results expected in line, with tariff refund benefit
NIKE, Inc.
David Denton (former Pfizer CFO) named EVP and CFO effective Aug 17, 2026.
Matthew Friend to step down as CFO on Aug 17, remain as advisor through Sep 4, 2026.
Denton's compensation: $1.45M base salary, 120% target bonus, $11.5M LTI, plus one-time cash awards totaling $11.25M.
NIKE's Q4 FY2026 results expected generally in line with prior guidance, including a one-time benefit from tariff refunds.
Board adopted new Executive Severance Plan for Compensation Grade 70+ employees, providing up to 2x pay for CEO and 1.5x for others on qualifying termination.
On June 23, 2026, the Company announced the appointment of David Denton as Executive Vice President and Chief Financial Officer (“CFO”), effective as of August 16, 2026
Departed
Matthew Friend
Executive Vice President and Chief Financial Officer
On June 23, 2026, the Company also announced that, as of the Effective Date, Matthew Friend will cease serving as Executive Vice President and CFO and begin serving as an advisor to the Chief Executive Officer of the Company and remain a full-time non-executive employee of the Company in that role through his separation from the Company on September 4, 2026
Key facts
Extracted from this filing and checked against the source text.
Executive changeSEC 8-K Item 5.02confidence 0.95
David Denton was appointed as Executive Vice President and Chief Financial Officer at NIKE, Inc..
Action
appointed
Role
Executive Vice President and Chief Financial Officer
Exact text from the filing
On June 23, 2026, the Company announced the appointment of David Denton as Executive Vice President and Chief Financial Officer (“CFO”), effective as of August 16, 2026
Matthew Friend departed as Executive Vice President and Chief Financial Officer at NIKE, Inc..
Action
ceased serving
Role
Executive Vice President and Chief Financial Officer
Exact text from the filing
On June 23, 2026, the Company also announced that, as of the Effective Date, Matthew Friend will cease serving as Executive Vice President and CFO and begin serving as an advisor to the Chief Executive Officer of the Company and remain a full-time non-executive employee of the Company in that role through his separation from the Company on September 4, 2026
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