Nike's $919M Trading Day Sees Leadership Shakeup as Stock Drops 2.12%

On May 5, 2025, Nike, Inc. (NYSE:NKE) experienced a trading volume of $919 million, ranking 64th in the day's market activity. The stock price of Nike, Inc. (NYSE:NKE) decreased by 2.12%.

Nike, Inc. has announced a series of strategic changes to its Senior Leadership Team (SLT) to accelerate progress against its 'Win Now' action plan and position the company for future growth. The changes include the promotion of Amy Montagne to President, Nike, Phil McCartney to EVP, Chief Innovation, Design & Product Officer, Nicole Graham to EVP, Chief Marketing Officer, and Tom Clarke to Chief Growth Initiatives Officer. Heidi O’Neill, who has been with Nike for 26 years, has decided to retire and will continue to serve in an advisory capacity until September 2025.

These leadership changes are part of Nike's efforts to better align and leverage its strengths, with a focus on sport and athletes. The new leadership team brings extensive Nike experience and has been instrumental in resetting priorities to lead with sport and put the athlete at the center of everything the company does. The changes are expected to drive future growth for the Nike brand and inspire consumers through the passion and emotion of sport.