Nike (NKE) announced that David M. Denton will take over as the company’s new Senior Vice President and Chief Financial Officer effective August 17.
According to a statement from the company, current Chief Financial Officer Matthew Friend will step down on the same date. Friend will remain with the company until September 4 to support a smooth transition. Friend will also participate, as planned, in NKE’s earnings call for the fourth quarter of fiscal year 2026, scheduled for June 30.
David Denton is joining Nike from Pfizer. Denton has served as Chief Financial Officer and Senior Vice President at Pfizer since May 2022.
Nike will announce its fourth-quarter results on August 30
Nike also announced that it will release its fourth-quarter and year-end financial results for fiscal year 2026 on Tuesday, June 30, at 2:00 p.m. Pacific Time.
The company stated that the fourth-quarter results are expected to be generally in line with previously provided guidance. Nike stated that the results will include a one-time benefit from tariff refunds that were not included in previous guidance, and that, excluding this impact, financial performance is expected to be largely in line with previous forecasts.
NKE rose about 1% to $42.69 after naming a new CFO and reaffirming its guidance.
