Nike hires the founder of the largest black-owned assets management firm.
Nike has appointed CEO and founder of Ariel Investments L.L.C, John W. Rogers to its board of directors.
— Black Enterprise (@blackenterprise) November 28, 2018
Rogers founded Ariel Investments in 1983 in efforts to focus on undervalued small and medium-sized companies. For almost 30 years, he has promoted financial literacy and wealth-building through investing. As a result, Rogers created the first family of equity mutual funds managed by African Americans.
Beyond Ariel, John has served as a board member of Exelon Corp., McDonald’s Corp., and The New York Times Co.
In a press release, NIKE, Inc. Chairman, President, and CEO, Mark Parker stated:
“John brings with him a depth of financial expertise and we are pleased to welcome him to Nike’s Board of Directors. His insights as a business leader will be invaluable as Nike moves into its next phase of accelerated growth.”
This appointment displays Nike’s openness to inclusion by hiring one of the most powerful African Americans in business.
Congratulations to Mr. Rogers and much success on his new endeavor. You can read the full release here.