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The coalition is pushing to replace three current Starbucks board members with its own nominees. The SOC proxy presentation claims the company's board has backed what it calls an "unnecessarily confrontational" strategy with the union. Starbucks said it has not only a new CEO, but with these additions, it has added five new board members in the past year. The proxy presentation targets three current Starbucks board members: Ritch Allison, Andy Campion and Jørgen Vig Knudstorp. Allison, Campion and Knudstorp, specifically, provide "continuity and highly-valuable unique perspectives," the Starbucks presentation said.
Persons: Baristas, Nielsen, Maria Echaveste, Joshua Gotbaum, Wilma Liebman, Daniel Servitje, Neal Mohan, Mike Sievert, Ritch Allison, Andy Campion, Jørgen Vig Knudstorp, Allison, Campion, Knudstorp, Wendy's, Narasimhan Organizations: Starbucks, CNBC, Organizing Center, U.S . Securities, Exchange Commission, National Labor Relations Board, NLRB, Starbucks Corporation, Siren Retail, Service Employees International Union, Starbucks Workers United, Communications Workers of America, United Farm Workers of America, Chipotle, Darden, Restaurant Brands, Yum Brands, White House, Hawaiian Airlines, White, Grupo Bimbo, YouTube, Mobile, SEC Locations: Buffalo, Arlington , Virginia, China, U.S
In an email, COO Andy Campion said the company's digital transformation is "well underway." The announcement came roughly two weeks after the surprise resignation of Ratnakar Lavu, the company's global chief digital information officer. Arora, a roughly five-year Nike veteran, oversees the company's digital marketing efforts inside the company's global technology arm. In the email, Campion said the "co-leader" structure will "create day-to-day leadership leverage and speed in decision-making." But in recent months, Nike's technology workforce voiced widespread dissatisfaction, including in a blistering employee survey viewed by Insider.
Ratnakar Lavu, Nike's top technology executive, has resigned, effective immediately. 2 technology executive hosted a call after Nike announced Lavu's departure. 2 technology executive on Monday hosted an all-hands video call with the company's technology workforce shortly after the announcement of the sudden resignation of Ratnakar Lavu, the company's top technology executive. On the call, Eugene Cook, Nike's vice president of technology operations, encouraged the company's workforce to finish the fiscal year strong. In a one-sentence statement to Insider, Nike said Lavu is "no longer at Nike," and did not provide additional information about his departure.
Ratnakar Lavu, Nike's top technology executive, resigned Monday, effective immediately. Lavu did not immediately respond to a message seeking comment. "We can confirm that Ratnakar Lavu is no longer at Nike," the company said in a one-sentence statement provided to Insider. He previously worked as the top technology executive for Kohl's. In May 2022, Insider reported on a leaked interal survey of Nike technology employees that showed widespread employee dissatisfaction.
Memphis Grizzlies star Ja Morant is expected to get the next Nike signature shoe. "When his signature shoe starts selling, it has the potential to be what Kyrie's was the first three years." Still, Burns noted Nike basketball is on the upswing, and Morant has a strong reputation. The shoe is nearly sold out on Nike's website, suggesting strong demand for performance basketball shoes and room in the market for a new signature shoe. "Nike basketball has rebounded," Burns said, citing the popularity of the GT Cut.
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