Nike has agreed to a pay deal worth as much as $25.9 million (£19.6 million) in the first year for its incoming finance chief, as the sportswear giant brings in an outside executive during a difficult turnaround.
David Denton, 60, will join Nike as executive vice president and chief financial officer on 17 August, the company announced on 23 June. He has run finance at Pfizer since May 2022, and the drugmaker confirmed his departure on 18 June.
