Nike CIO Resigns - InformationWeek
Software // Enterprise Applications
07:50 PM
CAO Discusses Their Roll & The Skills Needed to Do the Job
Jul 26, 2017
LWhat does a chief analytics officer do each day? To help us answer that question we welcome Dun & ...Read More>>

Nike CIO Resigns

The company offers no explanation for the change, which comes soon after Nike's new CEO takes the helm.

In an unexpected move, Nike Inc. CIO Gordon Steele left the company on Jan. 5. No successor has been named, and a spokesman declined to comment on the reason for Steele's abrupt departure.

Nike also has had a recent leadership change at the top of the company, with former S.C. Johnson & Son Inc. CEO William Perez officially becoming CEO and president as of Dec. 28, succeeding Nike co-founder Phil Knight, who remains chairman.

Steele joined Nike in 1997 as director of IT for the global finance group, and then led the IT efforts to straighten the kinks in the company's supply chain. While supply-chain problems hurt its business in the late 1990s, including widely publicized criticism of a supply-chain system from i2 Technologies Inc., in the past two to three years, Nike has made improvements that resulted in higher gross margins, analysts say.

The company has faced rising costs of late from implementing a supply-chain system in the Asia-Pacific region, though it has still managed to increase its gross margin over the past six months. Nike garnered $2.9 billion in gross income on $6.7 billion in revenue during the six months end Nov. 30, up from $2.5 billion on $5.8 billion in revenue during the same time in the previous year.

Selling, general, and administrative expenses rose to $2.04 billion in the first six months, up from $1.77 billion in the prior year. Nike in its 10K Securities and Exchange Commission filing on Dec. 22, says costly operations drove up SG&A and partially offset revenue gains, especially in Asia-Pacific region. The filing attributes the increase primarily "to additional demand creation spending (for the Athens Olympics and expansion of market coverage in China), and investments in operating overhead" from "the implementation of new supply-chain systems in the region."

Comment  | 
Print  | 
More Insights
Newest First  |  Oldest First  |  Threaded View
[Interop ITX 2017] State Of DevOps Report
[Interop ITX 2017] State Of DevOps Report
The DevOps movement brings application development and infrastructure operations together to increase efficiency and deploy applications more quickly. But embracing DevOps means making significant cultural, organizational, and technological changes. This research report will examine how and why IT organizations are adopting DevOps methodologies, the effects on their staff and processes, and the tools they are utilizing for the best results.
Register for InformationWeek Newsletters
White Papers
Current Issue
IT Strategies to Conquer the Cloud
Chances are your organization is adopting cloud computing in one way or another -- or in multiple ways. Understanding the skills you need and how cloud affects IT operations and networking will help you adapt.
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Flash Poll