Nike, Inc. stated in a regulatory filing that Cathleen Benko notified the company on June 13 that she plans to retire as a member of the Board of Directors, effective as of Nike’s 2025 annual meeting of shareholders.
As a result, Benko will not stand for re-election at the company’s 2025 annual meeting, scheduled to take place in early September.
Nike said Benko is a “director in good standing, and her decision to retire is not because of a disagreement with the company or the Board on any matter relating to the company’s operations, policies, or practices.”
Mark Parker, executive chairman of the company, said, “We thank Cathy for her dedicated service and countless contributions to the company over the past seven years, and we wish her the best in her future endeavors.”
Nike did not indicate whether the company would replace Benko’s seat on the Board. Benko, a former leader in Deloitte’s “Digital Giants” practice and Deloitte’s first chief talent officer, joined Nike’s Board in 2018.
Image courtesy Nike
