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Nike, Inc.

Nike, Inc. Names Mark Parker CEO, William D. Perez Resigns

Beaverton, Oregon (ots/PRNewswire)

- Charlie Denson Appointed President, Nike brand
The Board of Directors of NIKE, Inc. (NYSE: NKE) today announced
the appointment of Nike brand co-President Mark Parker as the
company's new President and Chief Executive Officer following the
resignation of William D. Perez. Parker also succeeds Perez on the
company's Board of Directors.
(Logo: http://www.newscom.com/cgi-bin/prnh/19990818/NIKELOGO )
The board and Perez mutually agreed to end his relationship with
the company without cause, citing differences regarding leadership
between Perez and Philip H. Knight, Nike's founder and board
chairman. In naming Parker as CEO and a director, the board turned to
a seasoned Nike veteran with 27 years of experience at the company
who has been involved in many of Nike's most significant product
innovations and integrated brand campaigns. He also has been one of
the key executives leading the company's long-term strategic
planning. Since 2001, Parker and co-President Charlie Denson have
successfully led the Nike brand during a period of strong financial
performance and growth. Denson will now lead the Nike brand as
president.
Commenting on the management changes, Knight said: "Succession at
any company is challenging, and unfortunately the expectations that
Bill and I and others had when he joined the company a year ago
didn't play out as we had hoped. I want to personally thank Bill for
his dedication and commitment over the past year.
"Mark has a proven track record in driving creativity, innovation
and growth," Knight said. "He's an experienced, talented executive
and has played an instrumental role in building our business and
making the Nike brand as strong as it is today. Mark is the right
person to drive our business forward."
Parker, 50, joined Nike in 1979 and has served in various
management capacities in product design, development, marketing and
brand management. He is widely recognized as the product visionary
for the Nike Air franchise and many other industry-leading product
design and performance innovations. Prior to heading the Nike brand,
Parker ran the company's multibillion dollar footwear and apparel
businesses.
"I've spent my life building the Nike brand, and I'm excited to
lead one of the world's most dynamic organizations," Parker said. "I
am committed to continue delivering profitable growth for our
shareholders, creating distinctive product innovation and compelling
brand connections for consumers, and building strong relationships
with our retail partners. We have a strong management team in place
that I will continue to develop, and I have tremendous confidence in
our ability to continue growing the Nike, Inc. portfolio and
delivering long-term value to shareholders."
Denson, 49, president of the Nike brand, also is a Nike veteran
with broad, global experience. He joined Nike in 1979, starting as an
assistant manager in one of Nike's original retail stores in
Portland, Oregon. He has held a variety of senior general management
roles including leadership of Nike's U.S. and European businesses.
Perez joined Nike in December 2004 after a long career with S.C.
Johnson, based in Racine, Wisconsin.
"I have great respect for the Nike brand, the company and the
board," Perez said. "Nike is an incredible organization with
tremendous growth opportunities. However, Phil and I weren't entirely
aligned on some aspects of how to best lead the company's long-term
growth. It became obvious to me that the long-term interests of the
company would be best served by my resignation."
Conference Call for Analysts and Investors
To discuss these changes with analysts and investors, the company
will hold a conference call at 1 pm EST today.
U.S. Locations: +1-800-289-0572
    International Locations: +1-913-981-5543
The call also will be webcast live at www.NikeBiz.com/invest. If
you are unable to participate in the conference call or would like to
access a replay of the call, it will be available beginning January
23, 2006 through January 30, 2006. From U.S. locations, dial
+1-888-203-1112 and enter conference number 7082410 when instructed
to do so. From international locations, dial +1-719-457-0820. A
replay of the call will also be available at www.NikeBiz.com/invest.
About NIKE, Inc.
NIKE, Inc. based in Beaverton, Oregon is the world's leading
designer, marketer and distributor of authentic athletic footwear,
apparel, equipment and accessories for a wide variety of sports and
fitness activities. Wholly-owned Nike subsidiaries include Converse
Inc., which designs, markets and distributes athletic footwear,
apparel and accessories; Bauer NIKE Hockey Inc., a leading designer
and distributor of hockey equipment; Cole Haan, a leading designer
and marketer of luxury shoes, handbags, accessories and coats; Hurley
International LLC, which designs, markets and distributes action
sports and youth lifestyle footwear, apparel and accessories and
Exeter Brands Group LLC, which designs and markets athletic footwear
and apparel for the value retail channel.
Web site: http://www.nikebiz.com

Contact:

Investors, Pamela Catlett, +1-503-671-4589, or press, Alan Marks,
+1-503-671-2673, both of NIKE, Inc. Photo:
http://www.newscom.com/cgi-bin/prnh/19990818/NIKELOGO
AP Archive: http://photoarchive.ap.org, PRN Photo Desk,
photodesk@prnewswire.com

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