<\/p>\n
\n\tNike has elevated a longtime executive to the role of chief innovation officer.<\/p>\n
\n\tAndy Caine, who has spent more than 20 years at the company, will succeed Tony Bignell in that role effective Sunday. Bignell, who spent 30 years at Nike, is leaving the company \u201cto pursue his creative and philanthropic passions in his next chapter,\u201d according to an internal memo from Phil McCartney, executive vice president, chief innovation, design and product officer for Nike, which was obtained by WWD.<\/p>\n
\n\tCaine will report to McCartney.<\/p>\n
\n\tIn the memo, McCartney said Caine \u201chas been a driving force behind some of our most defining work at the intersection of performance innovation and sport culture \u2014 from groundbreaking Mercurial launches that set the standard for performance and creativity on the pitch to introducing new expressions of Air with the launch of Air VaporMax, Air Liquid Max and Air Max 1000.\u201d Most recently, he said, Caine helped bolster the company\u2019s sportswear business by blending performance innovation and lifestyle energy.<\/p>\n
\n\t\u201cAndy brings a rare mix of athlete obsession, creative ambition and product conviction,\u201d McCartney added. \u201cHe is known for his curiosity, his high standards and his ability to develop strong talent around him. He pushes for better, and he brings others with him.\u201d As a result, he believes Caine is \u201cthe right person to lead this next chapter of Nike innovation.\u201d<\/p>\n
\n\tIn his new role, Caine will oversee innovation across all brands, sports, products and platforms and will work closely with the design and product teams.<\/p>\n
\n\tMcCartney credited Bignell with helping to shape some of Nike\u2019s most important innovation breakthroughs over the course of his career including the Nike Shox and the Next% VaporMax, React and Joyride. He also played an important part in the Breaking2 initiative and his impact \u201cwill last beyond his time in the role.\u201d<\/p>\n
\n\tBignell was promoted to chief innovation officer last June. He was formerly vice president for running footwear.<\/p>\n
\n\tCaine\u2019s appointment is one of a number of recent\u00a0executive changes\u00a0at Nike following\u00a0Elliott Hill\u2018s\u00a0appointment as CEO\u00a0in October of 2024. That includes McCartney\u2019s promotion to his current position following the retirement of Heidi O\u2019Neill, president of consumer, product and brand.<\/p>\n
\n\tThe executive moves are part of Hill\u2019s effort to \u201caccelerate\u201d Nike\u2019s progress against its \u201cWin Now\u201d action plan. However, the company, which has been criticized for its lack of innovation in recent years, is still under pressure. Over the last five years shares of Nike Inc. are down 68 percent from a high of $167.31 in November 2021 and last week the company reported net income in the\u00a0third quarter of fiscal 2026\u00a0fell 35 percent to $520 million from $794 million in the year-ago period. Net sales were $11.3 billion, flat from the prior year.<\/p>\n
\n\tAt the time the earnings were released, Hill made no secret of his frustration, telling his staff he was \u201ctired\u201d of talking about fixing the business and stressed the \u201curgency, transparency, focus and a determination to restore growth.\u201d<\/p>\n
#Nike #Names #Veteran #Andy #Caine #Chief #Innovation #Officer<\/p>\n","protected":false},"excerpt":{"rendered":"
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