Nike Raises Dividend, Announces Management Shake-Up

Beaverton, Ore., Nike Inc. has raised its quarterly cash dividend on Class A and Class B common stock by 19% to 37? a share. The dividend is payable on Jan. 2, 2007, to shareholders of record on Dec. 11, the company said.

Additionally, after only two months in Nike Inc.'s new VP of diversity role, Donna DeBerry resigned Wednesday. Nike said DeBerry resigned because she was unable to relocate from Texas with her family to Portland, Ore. She will resume her consultant business in diversity in Texas. Nike said Gina Warren has been appointed by CEO Mark Parker to replace DeBerry. Warren, a seven-year Nike veteran, will assume the role of further integrating diversity into Nike's global business strategies and employer-of-choice practices.

Nike also announced that veteran media executive Johnathan A. Rodgers has been appointed to the company's board of directors. Rodgers, 60, is president and CEO of TV One, and has previously served on the board of Procter & Gamble.