Nike has added LVMH executive Alexandre Arnault to its board as the sportswear giant works to strengthen consumer connections and accelerate its next phase of growth.
Arnault, the 34-year-old son of LVMH chairman and chief executive Bernard Arnault, joined Nike's board on 15 September, bringing experience spanning RIMOWA, Tiffany & Co., and Moët Hennessy.
He currently serves as deputy chief executive of Moët Hennessy, LVMH's wines and spirits division, and has been a member of LVMH's board since April 2024.
The appointment comes as Nike continues its turnaround under President and Chief Executive Elliott Hill. The sportswear giant reported $46.4 billion in fiscal 2026 revenue, which was flat on a reported basis but down two per cent on a currency-neutral basis.
Nike is also set to leave the S&P 100 on 21 September as the company works to rebuild growth and strengthen its position in a competitive market.
With Hill pursuing a turnaround, Arnault's arrival brings luxury-industry experience directly into Nike's boardroom.
From RIMOWA and Tiffany to the Nike Boardroom
Arnault's career has included senior roles at established global brands, including RIMOWA, Tiffany & Co. and Moët Hennessy.
Before joining Moët Hennessy in February 2025, Arnault served as chief executive of RIMOWA from October 2016 to December 2020.
He subsequently spent four years at Tiffany & Co., where he held senior responsibilities in product and communications, later serving as Executive Vice President of Product, Communications and Industrial.
His career has also included work in digital innovation and technology investment at LVMH and Agache, giving him experience across branding, product development, technology and consumer strategy.
Nike said that background would bring valuable expertise as it seeks to deepen its relationships with consumers. 'Alexandre understands how some of the world's most influential brands stay relevant, deepen consumer connections and drive long-term growth,' said Nike president and CEO Elliott Hill.
Nike executive chairman Mark Parker similarly praised Arnault's experience helping major brands adapt. 'Alexandre has earned a reputation for helping iconic global brands evolve, innovate and grow in a changing, complex marketplace,' Parker said.
Arnault's previous work has also intersected with Nike. During his time at Tiffany & Co., the jewellery house collaborated with Nike on a limited-edition Air Force 1, bringing together two globally recognised brands.
Nike's Turnaround Under Elliott Hill
The appointment arrives as Nike continues its turnaround under Hill, who returned to the company as president and chief executive in October 2024 after decades with the sportswear giant.
Nike's latest financial results provide context for the turnaround effort. Full-year revenue reached $46.4 billion, with reported revenue flat year-on-year and currency-neutral revenue down two per cent.
The company has said its strategy is focused on sharpening its product portfolio, strengthening its connection with consumers and improving its competitive position as it works towards its next phase of growth.
The S&P 100 change adds another notable development during that period of transition. Nike is scheduled to leave the index on 21 September.
Arnault's appointment brings his experience with luxury and global consumer brands into Nike's boardroom as the company pursues its turnaround.
His previous roles at RIMOWA, Tiffany & Co. and Moët Hennessy span luxury, branding, communications and consumer products, while his position on LVMH's board adds another layer to his corporate experience.
For Nike, the focus remains on executing its turnaround strategy, strengthening its connection with consumers and pursuing its next phase of growth.
