The e-retailer reports a $126 million net loss, stemming from a $640 million year-over-year increase in spending in the quarter on technology and content ...
Nike has announced Jack Boys will retire as CEO of its Converse unit and Converse executive Michael Spillane will be Boys’ successor. Boys and Spillane will make the transition through the end of the year.
Nike Inc. has announced Jack Boys will retire as CEO of its Converse unit and Converse executive Michael Spillane will be Boys’ successor as head of the designer and marketers of athletic shoes, apparel and accessories. Boys and Spillane will make the transition through the end of the year.
“With Jack’s leadership, Converse has experienced exceptional brand growth and financial performance. His contribution to Converse’s success has helped make the brand what it is today. Under his guidance, Converse just posted its most profitable first quarter to date-demonstrating the power and potential of the Converse brand,” says Eunan McLaughlin, President of Nike Inc. Affiliates.
As CEO of Converse, Spillane will report directly to McLaughlin. Spillane brings 25 years of financial, textile and apparel experience to Converse. He joined Converse in 2007 as president of North American footwear. In less than a year, he was asked to expand the company’s apparel business as president of North America and global product. Previously Spillane held CEO positions at Polartec and Malden Mills as well as senior positions at Tommy Hilfiger and Jockey.
“We are very excited to have Michael in the CEO role. He has worked closely with Jack for the past two years developing Converse’s growth strategy,” McLaughlin says. “Their leadership, passion and deep understanding of the Converse consumer has uniquely positioned Converse for continued global growth.”
Nike is No. 49 in the Internet Retailer Top 500 Guide. Converse sells online at Converse.com.