Nike Appoints LVMH Executive Alexandre Arnault to Board, Stock Rises 1.5% in Premarket

06:33 AM EDT, 09/17/2026 (MT Newswires) -- Nike (NKE) stock rose 1.5% in Thursday premarket after the company said late Wednesday that Alexandre Arnault has been appointed to its board of directors. Arnault has served as deputy CEO of Moet Hennessy, LVMH's wines and spirits division, since February 2025, it said. He previously spent four years as executive vice president of product, communications and industrial at Tiffany Co. and served as CEO of RIMOWA for four years, it added. Arnault also serves on the LVMH board and as a trustee of The Museum of Modern Art in New York, Nike said. Arnault holds degrees from Telecom Paris and Ecole Polytechnique and previously worked in digital innovation and technology investment at LVMH and Agache, as well as at McKinsey Company and KKR, the company said