Nike Inc. announced that Peter B. Henry has been appointed to the company’s Board of Directors.

Henry, 48, is Dean Emeritus of New York University’s Leonard N. Stern School of Business and William R. Berkley Professor of Economics and Finance.

“Peter is a recognized authority in global economics, international finance and foreign affairs,” said Mark Parker, chairman and CEO of Nike Inc. “We believe his expertise will be invaluable to our board as we create new growth opportunities and accelerate our international momentum.”

The youngest person ever to hold the position, Henry assumed the Deanship of the Stern School of Business in January 2010 and joined the NYU Stern Faculty as the William R. Berkley Professor of Economics and Finance. Henry joined NYU Stern from Stanford University where he was the Konosuke Matsushita Professor of International Economics at the Stanford University Graduate School of Business and a Senior Fellow of the Stanford Institute of Economic Policy Research. He currently serves on the Board of Directors of Citigroup, General Electric, the National Bureau of Economic Research and the Economic Club of New York. He is also a member of the Council of Foreign Relations and the Economic Advisory Panel of the Federal Reserve Bank of New York.