Nike CEO Opens Up to Employees: "Exhausted by the Stagnation of Transformation"
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Hill stated that because some of his strategic implementations have taken “much longer than expected,” he hopes to stop discussing “fixing the business” and instead focus on encouraging and driving growth. Chief Financial Officer Matthew Friend discussed the necessity of strictly managing costs, as the company’s performance has been inconsistent, progress has not met investors’ expectations, and the business trajectory is “declining.”
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