Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On May 5, 2022, NIKE, Inc. (the "Company" or "NIKE") announced the appointment
of Johanna Nielsen to succeed Chris Abston as NIKE's principal accounting
officer, effective October 7, 2022. Mr. Abston notified the Company on May 2,
2022, of his intention to retire from his position as Corporate Controller
effective October 6, 2022.
Ms. Nielsen, 44, joined NIKE in 2017 as Senior Director of Finance, Strategy and
Operations within NIKE's Controlling function. In 2019 she was appointed Vice
President of Finance Functional Strategy and Operations, delivering critical
strategic support and leadership to the Finance function. Currently, Ms. Nielsen
leads the business initiative supporting the global implementation of NIKE's
enterprise resource planning system as Vice President of Strategic Enterprise
Capabilities, and she will become Vice President of Controlling effective May 9,
2022. Prior to joining NIKE, Ms. Nielsen gained extensive professional
experience in audit, public accounting and corporate transaction services
through leadership positions at several companies including Deloitte, Citrin
Cooperman and Grant Thornton, with both domestic and international experience.
In connection with Ms. Nielsen's new role as Vice President of Controlling and
appointment as NIKE's next principal accounting officer, effective May 9, 2022,
she will receive an annual base salary of $425,000, a target annual bonus
opportunity of 50% of her annual base salary, and a target annual long-term
incentive award opportunity of $200,000. She will also be eligible for an annual
grant of stock options and restricted stock units, which will be determined in
accordance with our ordinary practice for similarly situated Vice Presidents.
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