Nike VP Resigns Over Ties to Son's Sneaker Resale Business
Ann Hebert’s son reportedly used her credit card to buy $100,000 USD worth of shoes.
Nike executive Ann Hebert has stepped down following reports that she helped fund her son’s sneaker resale business. Hebert had worked as vice president and general manager for Nike’s North American division for 25 years.
Hebert’s resignation is the result of a Bloomberg Business feature on her son, Joe, and his resale business West Coast Streetwear. According to the report, Joe used his mother’s credit card to purchase over $100,000 USD worth of limited-edition sneakers to flip. However, he maintains that his mother never gave him any inside information, including discount codes.
Nike has not commented on the reason for Hebert’s resignation. However, an official press release states that the company will announce a new head of its North American division “shortly.”
- Business Insider