Nike announced that David M. Denton will join the company as Executive Vice President and Chief Financial Officer, effective August 17. Denton will succeed Matthew Friend, who will step down as Executive Vice President and Chief Financial Officer at that time. Friend will remain with the company through September 4 to support an orderly transition.
Friend will participate in Nike’s fourth-quarter fiscal 2026 earnings call on June 30, as planned.
Denton will lead Nike’s global finance organization and work with President and Chief Executive Officer Elliott Hill and the Senior Leadership Team to support disciplined execution, capital allocation, and long-term value creation.
Denton joins Nike from Pfizer, where he has served as Chief Financial Officer and Executive Vice President since May 2022. He brings more than 30 years of finance and operating leadership experience across complex global public companies.
Before joining Pfizer, Denton served as Chief Financial Officer and Executive Vice President of Lowe’s from 2018 to 2022. In that role, he oversaw finance, strategy, and other enterprise functions while helping support the company’s transformation and growth priorities.
Earlier in his career, Denton spent two decades at CVS Health, including as Executive Vice President and Chief Financial Officer. He also previously served on the boards of Haleon and Tapestry and is expected to serve on the board of Honeywell Aerospace following its planned spin-off from Honeywell.
Nike also provided an update on its expected fourth-quarter fiscal 2026 results. The company said its results will include a benefit from tariff refunds that was not included in previously provided guidance. Excluding this one-time benefit, fourth quarter results are expected to be generally in line with prior guidance.
Nike is scheduled to report fourth-quarter and fiscal year 2026 results on June 30 at 2:00 p.m. PT.
KEY QUOTES:
“Dave is a proven public-company CFO who knows how to help great consumer brands operate with discipline and invest to win. We’re focused on doing what Nike does best: serving athletes, leading with sport and building the most innovative products in the world. Dave’s experience, judgment, and operating rigor will help us execute against these priorities with consistency and build on the progress underway.”
“This is a natural moment for a leadership transition as we move from foundational actions to sustained growth through our Sport Offense operating model. I’d like to thank Matt for his many contributions to Nike over the years. He has dedicated a significant part of his career to this company and has been a valued colleague and partner to many across Nike. We are grateful for his service, appreciate his commitment to ensuring a seamless transition, and wish him all the best in his next chapter.”
Elliott Hill, President and Chief Executive Officer of Nike
“Nike is one of the world’s great brands, with extraordinary strengths in sport, innovation, and global scale. I’m excited to partner with Elliott and the leadership team to support the company’s priorities, invest with discipline, and help deliver sustainable long-term value as Nike continues to lead with sport and serve athletes around the world.”
David M. Denton
