, has resigned effective immediately, according to an email sent to employees and signed by Nike Chief Operating Officer Andy Campion. The announcement was made on Monday. "We can confirm that Ratnakar Lavu is no longer at Nike," the company said in a one-sentence statement provided to Insider. Nike's No. 2 technology executive hosted an all-hands video call
Lavu's resignation comes as Nike continues to work through an expensive digital transformation and as Wall Street is increasingly focused on the bottom lines of public companies, given ongoing economic uncertainty. soon after starting in January 2020. The plans included the"consumer direct acceleration," Nike's core business plan, which focuses on digital sales, and generally pushing the company to become more focused on technology.
"I want to set the stage for us to be great as a technology organization," he said during the meeting. Insider listened to an audio recording of the meeting."I'm asking for some grace and patience. I know right now it doesn't seem like things are changing fast enough."Insiders attributed the talent drain to factors including the Great Resignation, Nike's
Source: News Formal (newsformal.com)
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