Nike CFO and EVP Matthew Friend is set to take over procurement oversight for the footwear and apparel giant as part of a broader executive shuffle.
Friend’s expanded responsibilities will also include oversight of demand and supply management for Nike, as well as global places and services.
Procurement and supply and demand management have previously been in the purview of COO Andy Campion, who is taking on a new leadership role as managing director of strategic business ventures for Nike.
Friend first joined Nike from Goldman Sachs in 2009 as vice president for corporate strategy and development for the sportswear company. He served in several operating and finance roles before being named companywide CFO in 2020.
Friend’s new responsibilities are part of a wider shakeup in Nike’s executive ranks that CEO and President John Donahoe said are meant to drive “even greater focus and integration across our business and teams.”
Nike’s procurement operation is formidable, with 279 factories in 33 countries making finished apparel products for the brand, and another 120 making footwear, according to the company’s 10-K. Nearly 140 “strategic” tier 2 suppliers provide materials for Nike.
Nearly all of the company’s products are manufactured outside of the U.S., with more than 1 million workers servicing Nike’s supply chain.
