Fanatics has hired Michener Chandlee, Nike's corporate audit and chief risk officer, to become its chief financial officer, succeeding Lauren Cooks Levitan, CNBC has learned.
. The company serves as the official online store for hundreds of sports teams and leagues globally, including dozens within the NFL, NBA, MLB and NHL. Fanatics says it plans to do more tie-ups with major retailers in the future, which is part of its broader growth strategy.
"[Chandlee] is well-versed in the sports apparel industry and understands the tremendous power of product, brand and technology – giving him the ideal skill set and experience to lead our finance organization as we continue to rapidly scale our vertical, on-demand model globally," Fanatics CEO Doug Mack said in a statement.
Chandlee had been with Nike since 2001, holding various roles, including CFO of Nike's Golf division, vice president and CFO of Nike's North America business, vice president and CFO of Nike's global marketplace, and most recently as its corporate audit and chief risk officer. He starts at Fanatics on Monday.
When asked about a potential IPO, which some have speculated is on the horizon, a Fanatics spokesperson said: "We're focused on building a great company and growing the industry globally through innovation and continued investment in a vertical commerce model that best services the growing real-time expectations of fans."
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Controversial Nike ‘Dream Crazy’ Ad Wins Emmy for Best CommercialNike’s controversial “Dream Crazy” commercial, an extension of the brand’s ‘Just Do It’ campaign, took the win for best commercial at tonight’s Creative Arts Emmy Awards. “D…
Read more »
Colin Kaepernick's Nike ad wins Emmy for outstanding commercialCNN News, delivered. Select from our newsletters below and enter your email to subscribe.
Read more »
Colin Kaepernick's Nike Commercial Wins 2019 EmmyColin's a winner!!!
Read more »
Nike won its first 'outstanding commercial' Emmy in 17 years for an ad featuring Colin KaepernickA year after Nike's 'Dream Crazy' campaign featuring former San Francisco 49ers quarterback Colin Kaepernick brought about heavy controversy, the company won the 'outstanding commercial' award at Sunday's Creative Arts Emmy Awards.
Read more »
The Toronto Raptors are the First Team to Release a Branded Nike Pro HijabThe Raptors continue to make history and we're totally here for it
Read more »
Sheila Nevins' MTV Documentary Films Nabs 'Gay Chorus Deep South'The former HBO exec plans a theatrical release later this year for awards-season consideration.
Read more »