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The Nexus
BUSINESSJul 10 · 12:35 UTCFORTUNESheryl Estrada

Why companies are paying a premium for battle-tested CFOs—and Nike’s struggling turnaround shows what that costs

Nike is hiring David M. Denton as its new CFO, offering a $7.25 million cash award and other incentives. Denton has prior CFO experience at Pfizer, Lowe’s, and CVS Health. Nike’s recent quarterly results show flat revenue and declining gross margins amid strategic challenges.

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Mentioned
NikeorganizationDavid DentonpersonPfizerorganizationLowe’s Companies Inc.organizationCVS Healthorganization$7.25 million cash awardtopicMatthew FriendpersonElliott Hillperson
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Why companies are paying a premium for battle-tested CFOs—and Nike’s struggling turnaround shows what that costs · The Nexus