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Knight: Nike to keep relationship with UO
Continued from page 1A
products, since 1996. Perez has
managed country, regional and
worldwide operations and has over
seen multiple brands, according to
a Nike press release.
“This begins an exciting
new chapter in Nike’s ongoing busi
ness evolution,” Knight said in the
press release. “Bill is a highly re
garded and deeply talented leader
with more than 30 years experience
as a builder of global brands and
businesses. ... He also knows how
to operate a highly socially respon
sible global business, all of which
make him the right person to lead
Nike, Inc.”
University President Dave Frohn
mayer said the University
has always had a “robust” relation
ship with Nike, adding that
the change in leadership would
not affect Nike’s relationship with
the University.
“I wouldn’t anticipate any reason
why this change in his corporate po
sition would have any effect on his
relationship with the University,” he
told the Emerald. “He is one of our
most illustrious graduates and ... he
and his wife Penny have been our
most generous donors to both the
academic and athletic enterprises of
Student Groups
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the University. ”
He said the change was “neither
a surprise, nor a disruption,” noting
that Knight will still be “holding
onto the reigns” because he will re
tain his position as chairman.
“It looks to be a very straightfor
ward, organic shift in responsibili
ties and the product of a long and
careful international search,”
Frohnmayer said.
Frohnmayer added that the
shift would not negatively affect the
corporation.
“The company has been remark
ably successful in the past year and
a half in terms of its market position
and its shareholder vitality,” Frohn
mayer said. “Obviously they’re
looking to have deliberately
searched for someone who is a sea
soned CEO of an international, com
petitive company in the retail field.”
Scott Reames, a spokesman
for Nike, said Nike will retain
Knight’s expertise while gaining
Perez’s experience.
“He’ll still have a tremendous
influence on the overall company,”
he said.
Reames said Knight approached
the board in early 2003 and asked it
to look for a replacement.
He added that Knight’s experi
ence as an athlete may have con
tributed to his wanting to transfer
power while Nike is successful.
“I think the thought of going out
on top appeals to him,” he said.
“He’s a very competitive man. He’s
clearly spent his entire adult life
building Nike, so it was not a deci
sion that was made capriciously.
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“It’s really hard to tell what his
life will be like after Dec. 28.”
Perez, who has worn only Nikes
for the past 27 years, received his
B.A. in government from Cornell
University and a graduate degree
from the American Graduate School
of International Management. The
avid runner said he is honored to
run Nike.
“I was drawn to this company be
cause the Nike brand perpetually
stays current, making it one of the
best managed on the globe,” he said
in the Nike press release. “You can
feel the innovative spirit that Phil
and his team inspires from product
design to retail to athlete partner
ships. And I’m a strong believer in
‘Just Do It.’”
Knight, 66, graduated from the
University in 1959 with a degree in
accounting, and later earned an
MBA from Stanford. An accom
plished track athlete during his col
lege years, Knight teamed up with
the University’s renowned track
coach Bill Bowerman to form Blue
Ribbon Sports in the early 1960s.
The company had humble begin
nings, with Knight distributing ath
letic shoes imported from Japan
from his father’s basement and the
back of his car.
The company later changed its
name to Nike in 1972, marking the
start of a sports-apparel power
house. Its legendary “swoosh” is
recognizable around the world and
Nike products are available in near
ly 200 countries.
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