- Prachi Singh |
Nike, Inc. has announced that Dr. John C. Lechleiter, a director of the company since 2009 and former chairman, president and chief executive officer of Eli Lilly and Company, has decided to retire and will not stand for re-election to the company’s board of directors at the September 2019 annual meeting of shareholders. The company added that Lechleiter’s decision to retire was due to scheduling conflicts with other boards on which he presently serves.
“We’d like to thank John for his contributions as a valued and trusted advisor and steward since 2009. His insights as a business leader have been invaluable and we wish him well,” said Mark Parker, Chairman, President and CEO of Nike in a statement, adding, “We are also incredibly pleased that Michelle will succeed John as chairperson of the corporate responsibility, sustainability & governance committee.”
He will continue to serve as a Nike, Inc. director until the 2019 annual meeting and will then be succeeded by Michelle Peluso, a director since 2014, as chairperson of the corporate responsibility, sustainability & governance committee of the board.
Picture credit: Nike media gallery