John Lechleiter retires from Nike board of directors
Nike has announced that John C. Lechleiter, a director of the company since 2009, will retire and will not stand for re-election to the sportswear company’s board. He will continue to work as a Nike director until September when Nike will hold its 2019 Annual Meeting of Shareholders.
According to the company, Lechleiter’s decision to retire was due to scheduling conflicts with other boards on which he presently serves.
He will be succeeded by Michelle Peluso, a Nike director since 2014, as chairperson of the board’s corporate responsibility, sustainability and governance committee.
“We’d like to thank [Lechleiter] for his contributions as a valued and trusted advisor and steward since 2009,” said Mark Parker, chairman, president and CEO of Nike. “His insights as a business leader have been invaluable...We are also incredibly pleased that [Peluso] will succeed [Lechleiter]...her passion, commitment and leadership in the key strategic areas overseen by the committee will help us build upon Nike’s leadership position.”
Lechleiter has been a director at Battelle Memorial Institute, Inc. since November 2018, currently serves as an independent director with Ford, and also serves on the boards of the Xavier University, Fairbanks Institute, Indianapolis Downtown, Inc., the Chemical Heritage Foundation, the Central Indiana Corporate Partnership, the Indiana Economic Development Corporation and the United Way Worldwide, according to Bloomberg.
In addition to serving on Nike’s board, Lechleiter also formerly served as chairman, president and chief executive officer of Eli Lilly and Company, a pharmaceutical company.
Copyright © 2021 FashionNetwork.com All rights reserved.