05:30 PM EDT, 07/10/2025 (MT Newswires) -- Nike ( NKE ) will replace the chief executive officer of its Converse ( NKE ) subsidiary amid slumping sales for the sneaker brand, Bloomberg reported Thursday, citing an internal memo.

Aaron Cain, a vice president and general manager of Nike's ( NKE ) global men's business, will replace

Jared Carver, the report said.

Nike ( NKE ) confirmed the move, and the two executives will work through this month on the transition, Bloomberg said.

Nike ( NKE ) confirmed the report in an email to MT Newswires.

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