Full Breakdown
Nike Adds LVMH Executive Alexandre Arnault to Its Board of Directors
By Drooid · · How we work
Core Appointment Details
Nike Inc., headquartered in Beaverton, Oregon, announced the appointment of Alexandre Arnault to its board of directors. Arnault currently serves as deputy chief executive officer of Moët Hennessy, the wines-and-spirits division of LVMH, a role he has held since February 2025. He also sits on LVMH’s board and is a trustee of the Museum of Modern Art in New York.
Arnault’s Brand-Building Background
Before joining Moët Hennessy, Arnault spent four years as executive vice president of product, communications and industrial at Tiffany & Co., where he helped revitalize the luxury jeweler. Earlier, he led LVMH’s acquisition of Rimowa and served as Rimowa’s chief executive officer for four years. His career also includes stints at McKinsey & Company, KKR, and digital-innovation roles at LVMH and Agache. He has previously served on the boards of Carrefour, Birkenstock and Moncler.
Nike’s Recent Performance
In its most recent fourth-quarter results, Nike reported net sales of $10.97 billion, a 1 percent decline from the prior year on a reported basis and a 4 percent decline on a currency-neutral basis. The company cited a challenging market environment while emphasizing the need for continued innovation and consumer connection.
Official Statements & Responses
President and CEO Elliott Hill added that Arnault’s expertise in innovation, digital transformation and brand building will help Nike strengthen consumer connections, sharpen its competitive edge and accelerate its next growth phase.
Verbatim Quotes
- “As part of our commitment to strong governance and thoughtful board succession, we look for leaders with distinctive experiences, fresh perspectives and a proven ability to create long-term value,” — Moncler. Mark Parker, executive chairman of Nike Inc
- “His experience across innovation, digital transformation and brand building will be an asset as we continue to strengthen our connection with consumers, sharpen our competitive edge and accelerate Nike’s next chapter of growth around the world,” — Elliott Hill, president and chief executive officer at Nike Inc
- “Alexandre has earned a reputation for helping iconic global brands evolve, innovate and grow in a changing, complex marketplace,” — Mark Parker, executive chairman of Nike Inc
