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November 19, 2004

CEO of SC Johnson & Sons to Lead Nike

The Milwaukee Journal Sentinel reports that William Perez, current president and CEO of Racine, Wis.-based S.C. Johnson & Sons, will become the new president and CEO of Nike, the world's dominant athletic shoe producer.  He takes over for Phil Knight, the current president and CEO who co-founded the company in 1968 and sold shoes out of his car.  Perez was a salesman for S.C. Johnson starting 34 years ago and worked his way up to the top positon in the company in 1997.  S.C. Johnson will return to family leadership, with current chairman H. Fisk Johnson, son of former CEO C. Samuel Johnson, taking over the reins of the consumer products company.  Perez's salary will be $1.35 million, with bonuses of up to 125 percent of his salary.

Posted by Brian Buchanan at 11:25 AM in Corporations, Wisconsin | Permalink


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