Nike brand president resigns over "workplace behavior" complaints

Nike's brand president, Trevor Edwards, has resigned, per the Wall Street Journal, after "complaints about workplace behavior." A Nike spokesman told the paper there there were no allegations against Edwards, but provided no other details.

Why it matters: Edwards was the "potential successor" to CEO Mark Parker, per the Journal, but Parker is planning to stay on as CEO through 2020 "as part of the management shake-up." Edwards' resignation is immediate, and he will be retiring from Nike in August.