Alexandre Arnault Joins Nike’s Board of Directors
The LVMH executive joins Nike’s board as the sportswear giant prepares to be removed from the S&P 100 index after nearly two decades.
On Wednesday, Alexandre Arnault was appointed to Nike’s board of directors. The appointment comes at a challenging time for the heritage sportswear brand, as its shares have fallen by more than 40 percent in 2026. Nike’s president and CEO, Elliott Hill, expressed confidence in Arnault’s ability to contribute to the company’s growth, stating that his experience in innovation, digital transformation, and brand building would be valuable as Nike aims to strengthen its connection with consumers and improve its competitive edge.
Since February 2025, Arnault has been serving as the deputy CEO of Moët Hennessy, which is part of the LVMH group’s wines and spirits division. Before this role, he had held positions as the CEO of Rimowa and executive vice president of product, communications, and industrial at Tiffany & Co. Arnault’s addition to the board brings a total of Tim Cook, the former CEO of Apple, to the group.
He is set to join shortly before Nike is scheduled to be removed from the S&P 100 index on September 21, marking the end of the company’s 18-year run on the index. Nike’s removal from the S&P 100 signals the fifth consecutive year of declining shares for the brand, reflecting the growing loss of investor confidence in the Portland-based company.
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