Nike Inc. (NYSE:NKE) shares rose roughly 2% in after‑hours trading on Tuesday following two concurrent announcements. The company disclosed that David M. Denton will assume the role of Executive Vice President and Chief Financial Officer on August 17, succeeding current CFO Matthew Friend. Denton joins Nike from Pfizer, Inc., where he has served as CFO and EVP since May 2022, and previously held the CFO position at Lowe’s Companies from 2018 to 2022 as well as a two‑decade tenure at CVS Health Corporation, including a CFO stint. Matthew Friend will step down from the CFO post on August 17 but will remain with Nike until September 4 to support the transition. In addition, Nike provided an update on its expected fourth‑quarter fiscal 2026 results, stating that the quarter will include a one‑time benefit from tariff refunds that was not reflected in earlier guidance. Excluding this benefit, the fourth‑quarter performance is projected to be generally in line with the previously provided guidance. Nike has scheduled the release of its fourth‑quarter and full‑year fiscal 2026 results for June 30.