Nike’s North American head Ann Hebert resigns after report reveals ties to a sneaker resale biz

Nike stated Monday that the vp and basic supervisor of its North America division, Ann Hebert, has left the retailer, efficient instantly.

Her abrupt departure comes after she’s served greater than 25 years with Nike. The firm stated it plans to announce a new North American lead shortly.

The shakeup follows a Bloomberg Businessweek article final week about Ann’s 19-year-old son, Joe. The report revealed he had used a bank card in Ann’s identify to buy sneakers for his resell enterprise, West Coast Streetwear. It stated he spent greater than $100,000 on the cardboard to purchase limited-edition footwear and flip them for a revenue.

West Coast Streetwear couldn’t instantly be reached for remark. A Nike spokeswoman advised CNBC that Herbert made the choice herself to resign, and declined to remark additional.

Joe acknowledged to Bloomberg that Ann is his mom, however commented that she was excessive up sufficient within the firm to be faraway from what he was doing. He advised Bloomberg that he’d by no means obtained inside info, like low cost codes, from his mother.

Ann couldn’t instantly be reached for remark.

Nike shares have been unchanged in after-hours buying and selling, having closed Monday up 2.13% at $137.65. The firm’s inventory is up about 54% over the previous 12 months. Nike has a market cap of $217 billion.

Read the complete launch from Nike right here.