October 06, 2015

NIKE, Inc. Announces Bob Hurley to Step Down as CEO of Hurley

NIKE, Inc. (NYSE: NKE) today announced that after more than 16 years of leading the Hurley brand, Founder Bob Hurley will retire and step down as CEO to transition to a new role, where he will focus on building and cultivating the community and extending Nike’s relationships with elite athletes.

Hurley will leverage more than 40 years of relationships and experiences to continue doing what he loves best – growing and influencing the development of the sport.

“Bob is a legend in the surf and action sports industry who grew his passion into a globally recognized brand that stands for creativity, innovation and community,” said Mark Parker, President and CEO of NIKE, Inc. “We look forward to continuing our work together to build the Hurley brand globally.”

“Working with Nike, we’ve been able to connect the world’s best surfers with the most innovative products to inspire riders everywhere,” said Bob Hurley, Founder of Hurley. “Now I look forward to focusing on what I love most — spending my time with the community and growing the sport with the athletes who push the limits of what’s possible.”

Longtime Nike veteran Bob Coombes, VP, GM of Hurley, takes on management of the business at Hurley, reporting to Jayme Martin, VP, GM Global Categories, NIKE, Inc.

About NIKE, Inc.

NIKE, Inc., based near 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, Inc. subsidiary brands include Converse, which designs, distributes and licenses casual sneakers, apparel and accessories; and Hurley, which designs and distributes a line of action sports and youth lifestyle apparel and accessories. For more information, NIKE’s earnings releases and other financial information are available at http://investors.nike.com. Individuals can also visit http://news.nike.com/ and follow @Nike.