MSCI Launches Breakthrough Index Integrating Public Markets and Private Equity

    Innovative index is designed to provide a broad and daily view of the global equity opportunity

(BUSINESS WIRE)--MSCI Inc. (NYSE: MSCI) launched the MSCI All Country Public + Private Equity Index, an innovative daily index that combines public markets and a broad private equity view within a single, coherent framework. The launch marks a major shift in how investors can assess total equity exposures and measure performance across their portfolio.

With private markets increasingly integrated into investment portfolios, private equity is becoming a core component of total portfolio allocation, contributing to diversification, long-term return potential and exposure to segments of the economy not captured by public markets. Reflecting the evolving structure of investor portfolios, this index sets a new standard for tracking global equity performance across public and private markets.

The index combines the flagship MSCI ACWI IMI, which represents the performance of the full opportunity set of publicly listed equities across developed and emerging markets and serves as the benchmark for approximately USD 5.6 trillion in assets under management1, and the new MSCI All Country Private Equity Index, a daily measure based on MSCI’s proprietary dataset of LP-sourced cash flows and valuations from nearly 10,000 private equity funds. This integrated approach allows the index to reflect both the investable public equity universe and modelled private equity exposures in a consistent global equity framework.

Powered by MSCI’s combined index expertise and research and data capabilities, the MSCI All Country Public + Private Equity Index methodology is designed to provide transparency and a consistent approach for index construction, maintenance and rebalancing aligned with MSCI’s index design principles. The index, with a target allocation to private equity set to 15%, is calculated daily based on the drifted weight and the daily performance of each component index. The index is reviewed and rebalanced quarterly to maintain consistency with the target allocation weights. In each review, the latest available component index data are incorporated, and the weighting factors are reset to the target allocation. Rebalancing is conducted in accordance with MSCI’s index maintenance policies providing continuity and comparability over time.

“This index is a milestone in our mission to make private markets more transparent and accessible,” said Luke Flemmer, Head of Private Assets at MSCI. “It reflects MSCI’s unique combination of high-quality data, world class research and index distribution capabilities and extends our private assets toolkit that gives investors a simpler way to access, benchmark, and allocate to private capital.”

The launch reflects MSCI’s broader commitment to equipping investors with tools, research and data required to support informed decision-making across their portfolios. To learn more, visit MSCI Private Assets.

1 As of June 30, 2025. Active institutional AUM includes separate/segregated AUM, pooled/commingled AUM and mutual fund institutional AUM. Active retail funds include open-ended funds, closed-ended funds and insurance product funds. AUM also includes indexed assets and the notional open interest in futures and options, based on internal MSCI data. For funds that did not report AUM as of June 30, 2025, prior period values were used as estimates.

About MSCI

MSCI Inc. (NYSE: MSCI) strengthens global markets by connecting participants across the financial ecosystem with a common language. Our research-based data, analytics and indexes, supported by advanced technology, set standards for global investors and help our clients understand risks and opportunities so they can make better decisions and unlock innovation. We serve asset managers and owners, private-market sponsors and investors, hedge funds, wealth managers, banks, insurers and corporates. To learn more, please visit www.msci.com.

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements relate to future events or performance and involve risks that may cause actual results or performance differ materially and you should not place undue reliance on them. Risks that could affect results or performance are in MSCI’s Annual Report on Form 10-K for the most recent fiscal year ended on December 31 that is filed with the SEC. MSCI does not undertake to update any forward-looking statements. No information herein constitutes investment advice or should be relied on as such. MSCI grants no right or license to use its products or services without an appropriate license. MSCI MAKES NO EXPRESS OR IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE OR OTHERWISE WITH RESPECT TO THE INFORMATION HEREIN AND DISCLAIMS ALL LIABILITY TO THE MAXIMUM EXTENT PERMITTED BY LAW.

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Media Inquiries

PR@msci.com

Melanie Blanco

+1 212 981 1049

Konstantinos Makrygiannis

+44 77 6893 0056

Tina Tan

+852 2844 9320

Julie Mansmann

+1 917 815 6375

MSCI Global Client Service

EMEA Client Service

+ 44 20 7618 2222

Americas Client Service

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Asia Pacific Client Service

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ZYN Branding to be present in selected races, starting with the Formula 1 Etihad Airways Abu Dhabi Grand Prix 2025

(BUSINESS WIRE) -- Philip Morris International Inc. (NYSE: PM) today announced an expanded partnership with Scuderia Ferrari HP and with Ferrari Challenge Trofeo Pirelli—the single-marque motorsport championship created in 1993—for the 2026 season and beyond. This next chapter introduces one major development: the ZYN brand of nicotine pouches—the number one nicotine pouch brand globally¹—will feature on Scuderia Ferrari HP Formula 1 liveries at select races throughout the seasons.

This bold new chapter reinforces a spirit of relentless innovation and unforgettable experiences that has defined the partnership for more than five decades—making it one of the strongest in sports history. To mark this moment, ZYN branding will first feature on the Scuderia Ferrari HP car livery during the Abu Dhabi Grand Prix 2025 scheduled for December 7.

“PMI shares with Scuderia Ferrari HP the pursuit to innovate and challenge the status quo for millions of adults that share this passion. By engaging in this space, we demonstrate our commitment on this journey,” said Stefano Volpetti, President Smoke-Free Products & Chief Consumer Officer, PMI. “By further enhancing our partnership with Scuderia Ferrari HP, we hope to accelerate the replacement of cigarettes, and we want our adult consumers of nicotine products, like ZYN, to embrace and enjoy every moment of this thrilling ride.”

“Ferrari has always valued partnerships built on innovation, responsibility and a vision oriented toward continuous improvement, with a forward-looking mindset. Our renewed collaboration with PMI is a concrete expression of this approach and continues a relationship that has lasted for over fifty years, grounded in scientific progress and long-term thinking. As PMI advances the development of smoke-free alternatives, we are proud to evolve together, uniting our shared values of excellence, discipline and innovation to drive progress both on and off the track,” said Lorenzo Giorgetti, Chief Racing Revenue Officer, Ferrari.

Responsible Marketing

PMI’s marketing and sales policies and practices reflect our commitment to market all our products responsibly. This means increasing adult consumers’ awareness and understanding of our smoke-free product portfolio while guarding against access to our products by unintended audiences. Formula 1—with its overwhelmingly adult audience—is a global platform where we engage adult consumers worldwide with a message of choice and innovative alternatives to cigarettes.

About ZYN

ZYN nicotine pouches—the number one nicotine pouch brand globally². In the U.S., they are the only nicotine pouches authorized as appropriate to protect public health by the U.S. Food and Drug Administration. ZYN nicotine pouches are not risk-free and contain nicotine, which is addictive. They are intended only for legal-aged adult consumers of nicotine products and are not alternatives to quitting tobacco and nicotine altogether.

Philip Morris International: A Global Smoke-Free Champion

Philip Morris International is a leading international consumer goods company, actively delivering a smoke-free future and evolving its portfolio for the long term to include products outside of the tobacco and nicotine sector. The company’s current product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, nicotine pouch and e-vapor products. Our smoke-free products are available for sale in over 100 markets, and as of June 30, 2025, PMI estimates they were used by over 41 million legal-age consumers around the world, many of whom have moved away from cigarettes or significantly reduced their consumption. The smoke-free business accounted for 41% of PMI’s first-nine months 2025 total net revenues. Since 2008, PMI has invested over $14 billion to develop, scientifically substantiate and commercialize innovative smoke-free products for adults who would otherwise continue to smoke, with the goal of completely ending the sale of cigarettes. This includes the building of world-class scientific assessment capabilities, notably in the areas of pre-clinical systems toxicology, clinical and behavioral research, as well as post-market studies. Following a robust science-based review, the U.S. Food and Drug Administration has authorized the marketing of Swedish Match’s General snus and ZYN nicotine pouches and versions of PMI’s IQOS devices and consumables - the first-ever such authorizations in their respective categories. Versions of IQOS devices and consumables and General snus also obtained the first-ever Modified Risk Tobacco Product authorizations from the FDA. With a strong foundation and significant expertise in life sciences, PMI has a long-term ambition to expand into wellness and healthcare areas and aims to enhance life through the delivery of seamless health experiences. References to “PMI”, “we”, “our” and “us” mean Philip Morris International Inc., and its subsidiaries. For more information, please visit www.pmi.com and www.pmiscience.com.

¹ PMI reported global shipment volumes and in-market sales estimates of nicotine pouch units, from January 2025 to July 2025

² PMI reported global shipment volumes and in-market sales estimates of nicotine pouch units, from January 2025 to July 2025

 

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Philip Morris International
Corey Henry
T. +1 (202) 679 7296
E. corey.henry@pmi.com

GCL Evolves Into The Rock-It Company, Uniting Leading Logistics Platform of Live Events and Luxury Goods Services Under a New Banner

Built on the 47-year legacy of Rock-It Cargo and a growing platform across multiple end markets, the evolution marks a new era of growth and acceleration for the company

 

(BUSINESS WIRE)--Global Critical Logistics (GCL) announced today its brand evolution into the newly unveiled identity of The Rock-It Company, uniting its diverse portfolio under the iconic and globally recognized name. The announcement arrives as Rock-It delivers some of the world’s most impactful cultural moments this week including the Final Draw of the FIFA World Cup 2026™ in Washington D.C., Art Basel in Miami, The Conference at Rock Lititz and several concerts and automotive events in Abu Dhabi, including the RM Sotheby’s Auction. These marquee events all coincide with a extensive slate of global tours, film productions, broadcast operations, and experiential projects that span multiple continents. Together, these iconic moments contribute to the more than 10,000 mission-critical projects that Rock-It enables each year through its global network of logistics expertise.

For decades, the company has been at the heart of the most complex sporting events, far-reaching global music tours, and the movement of the most valuable assets across the luxury goods landscape. Through a vast network of experts, comprehensive capabilities set and strategically located facilities, The Rock-It Company is a leader in executing the world’s most intricate and high-profile logistics operations that define its reputation in the industry.

As part of this evolution, Rock-It is organizing its offerings around two complementary pillars: Live Events & Luxury Goods.

Live Events
Building on the 47-year heritage of Rock-It Cargo, Rock-It will introduce vertical-oriented divisions dedicated to delivering best-in-class service for its many growing end markets:

• Rock-It Cargo will continue to be a world leader in live performance touring and specialty logistics for the music touring industry. The sports, film, and experiential focus within Rock-It Cargo today will transition into dedicated divisions providing clear focus and leadership around each vertical.
• Rock-It Sports will integrate the combined capabilities and track record of Rock-It Cargo and SOS Global into one unified sports and broadcast operations segment. The SOS Global brand will sunset, bringing the trusted staff, decades of expertise, and client relationships under Rock-It Sports.
• Rock-It Productions will encompass the company’s expertise in film, television, podcasting, multi-media, and live productions. Dynamic International will continue to operate with excellence as Dynamic International by Rock-It.
• Rock-It Experiential will deliver corporate live events, fairs and exhibitions, brand activations and large-scale global experiential projects.

Luxury Goods
Supporting a fast-growing global demand for trusted logistics across the high-value goods sector, The Rock-It Company is led by two trusted divisions listed below.

• DIETL by Rock-It will represent Rock-It as the driving force behind global growth in the fine art sector, supporting a worldwide network of collectors, auctions, individuals and museums.
• CARS By Rock-It will provide white-glove service, storage, and management for automotive collectors, rallies, races, auctions and beyond.

“This natural evolution honors our heritage and allows us to serve clients better than ever before,” said Daniel Rosenthal, President & CEO of The Rock-It Company. “By uniting under the Rock-It name, we’re combining decades of experience, an earned reputation, and the industry’s best talent into one global platform, with a shared commitment to delivering the world’s most extraordinary moments.”

About The Rock-It Company
The Rock-It Company (formerly Global Critical Logistics) is a global leader in mission-critical specialty logistics, trusted to move irreplaceable assets and power extraordinary moments across Live Events and Luxury Goods. Built on a 47-year legacy, Rock-It delivers multimodal freight forwarding, event logistics planning, specialized packing and storage, customs and ATA carnet services, insurance, on-site support and more.

Rock-It enables international concert touring, major sporting events, broadcasting, film and media productions, experiential events and activations, live event infrastructure, and the transport and protection of fine art, rare automobiles, and other priceless collections. With access across 160+ countries and with more than 10,000 missions each year, Rock-It serves a diverse list of partners including the FIFA World Cup 2026, The Pebble Beach Concours d'Elegance, RM Sotheby’s, leading hypercar OEMs, multiple Olympic committees, leagues and federations, and other leading brands across the globe.

 

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Angus Brown
angus.brown@rockitcompany.com
(213) 444-9064

Hyatt Advances Luxury Brand Focus With New Leadership and Planned Global Expansion in 2026dentity Security as AI Adoption Accelerates Across the Middle East

Hyatt appoints Tamara Lohan to lead its luxury brands; shares preview of extraordinary openings worldwide.

(BUSINESS WIRE) -- Hyatt Hotels Corporation (NYSE: H) today announced at ILTM Cannes the next chapter of Hyatt’s luxury journey, unveiling strengthened leadership with the appointment of Tamara Lohan as Global Brand Leader – Luxury on an interim basis and previewing a remarkable pipeline of luxury openings set for 2026.

“Hyatt’s momentum in luxury continues to accelerate, powered by our insights-driven development strategy and commitment to delivering deeply resonant guest experiences,” said Mark Hoplamazian, President and Chief Executive Officer, Hyatt. “Tamara brings world-class luxury expertise, and her leadership will further strengthen our ability to differentiate our luxury brands while growing with intent in the markets our guests and owners value most.”

Lohan joined Hyatt in 2023 through the acquisition of Mr & Mrs Smith, the award-winning boutique and luxury hotel platform she co-founded and led for more than two decades. Known for curating exceptional independent hotels and championing design-forward, experience-rich travel, she brings deep expertise in personalization, global luxury trends and consumer insights. In her new role as Global Brand Leader – Luxury, she will guide Hyatt’s global luxury brand strategy while elevating brand consistency and guest experiences across Hyatt’s luxury portfolio.

“When Hyatt acquired Mr & Mrs Smith, it was clear how deeply Hyatt respects independent spirit, design integrity and the craft of luxury,” said Tamara Lohan, Global Brand Leader – Luxury, Hyatt. “It’s a privilege to help shape the future of what luxury means for Hyatt, and I’m excited to develop the brands in our portfolio and take our guests on even more personal experiences whilst thoughtfully growing the collection.”

With nearly 125 luxury hotels representing more than 21,000 rooms worldwide, Hyatt’s luxury portfolio – which includes the Park Hyatt, Alila, Miraval, Impression by Secrets and The Unbound Collection by Hyatt brands – continues to expand strategically in the destinations that matter most to guests, members, customers, travel advisors and owners.

Set to open in the first quarter of 2026, Miraval The Red Sea will mark the brand’s first resort outside the United States and a defining moment for luxury wellness in the EAME region. Located on Saudi Arabia’s Shura Island, the adults-only retreat will feature 180 guestrooms and suites, immersive wellbeing programming and the largest spa in the Red Sea destination.

Miraval’s international expansion underscores the rising global demand for transformative travel – nearly 50 percent of travelers¹ now define luxury as deeply personalized experiences, aligning closely with Miraval’s focus on spiritual, emotional and physical renewal.

Hyatt will continue to expand its luxury brand footprint through 2026 with openings across its most sought-after brands:

• Park Hyatt celebrates the reopening of Park Hyatt Tokyo and will introduce Park Hyatt Cabo del Sol, Park Hyatt Cancun, Park Hyatt Mexico City, Park Hyatt Vancouver and Park Hyatt Phu Quoc over the coming year.

• Alila will strengthen Hyatt’s portfolio in Mexico with the opening of Alila Mayakoba, bringing the brand’s refined, immersive luxury to Riviera Maya.

• The Unbound Collection by Hyatt grows in EAME with Kennedy 89 in Frankfurt, Germany and a new coastal experience in Nice, France.

These additions contribute to Hyatt’s strong luxury chain scale pipeline of more than 170 hotels representing 141,000 rooms globally.

“As we approach a new calendar year, ILTM Cannes serves not only as a moment to celebrate what we’ve accomplished in 2025, but as a powerful catalyst for what’s to come,” remarks Marc Jacheet, Group President, EAME, Hyatt. “This winter marks a defining moment in Hyatt’s luxury growth story, as the Miraval brand debuts on the international stage in the Red Sea – a sanctuary for wellbeing explorers and discerning adventurers alike spanning over 3 million square feet of pristine coastline and offering one of the largest spas in the region with 40,000 square feet and 39 treatment rooms. With an ever-expanding, world-class luxury portfolio across EAME, Hyatt continues to set new benchmarks in hospitality and remains a driving force behind our global growth journey.”

For more information or to book a stay, please visit hyatt.com.

The term “Hyatt” is used in this release for convenience to refer to Hyatt Hotels Corporation and/or one or more of its affiliates.

About Hyatt Hotels Corporation

Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company guided by its purpose – to care for people so they can be their best. As of September 30, 2025, the Company's portfolio included more than 1,450 hotels and all-inclusive properties in 82 countries across six continents. The Company's offering includes brands in the Luxury Portfolio, including Park Hyatt®, Alila®, Miraval®, Impression by Secrets, and The Unbound Collection by Hyatt®; the Lifestyle Portfolio, including Andaz®, Thompson Hotels®, The Standard®, Dream® Hotels, The StandardX, Breathless Resorts & Spas®, JdV by Hyatt®, Bunkhouse® Hotels, and Me and All Hotels; the Inclusive Collection, including Zoëtry® Wellness & Spa Resorts, Hyatt Ziva®, Hyatt Zilara®, Secrets® Resorts & Spas, Dreams® Resorts & Spas, Hyatt Vivid® Hotels & Resorts, Sunscape® Resorts & Spas, Alua Hotels & Resorts®, and Bahia Principe Hotels & Resorts; the Classics Portfolio, including Grand Hyatt®, Hyatt Regency®, Destination by Hyatt®, Hyatt Centric®, Hyatt Vacation Club®, and Hyatt®; and the Essentials Portfolio, including Caption by Hyatt®, Unscripted by Hyatt, Hyatt Place®, Hyatt House®, Hyatt Studios®, Hyatt Select, and UrCove. Subsidiaries of the Company operate the World of Hyatt® loyalty program, ALG Vacations®, Mr & Mrs Smith, Unlimited Vacation Club®, Amstar® DMC destination management services, and Trisept Solutions® technology services. For more information, please visit www.hyatt.com.

Forward-Looking Statements

Forward-Looking Statements in this press release, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Our actual results, performance or achievements may differ materially from those expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements by the use of words such as “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “will,” “would” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: general economic uncertainty in key global markets and a worsening of global economic conditions or low levels of economic growth; the rate and pace of economic recovery following economic downturns; global supply chain constraints and interruptions, rising costs of construction-related labor and materials, and increases in costs due to inflation or other factors that may not be fully offset by increases in revenues in our business; risks affecting the luxury, resort, and all-inclusive lodging segments; levels of spending in business, leisure, and group segments, as well as consumer confidence; declines in occupancy and average daily rate; limited visibility with respect to future bookings; loss of key personnel; domestic and international political and geopolitical conditions, including political or civil unrest or changes in trade policy; the impact of global tariff policies or regulations; hostilities, or fear of hostilities, including future terrorist attacks, that affect travel; travel-related accidents; natural or man-made disasters, weather and climate-related events, such as hurricanes, earthquakes, tsunamis, tornadoes, droughts, floods, wildfires, oil spills, nuclear incidents, and global outbreaks of pandemics or contagious diseases, or fear of such outbreaks; our ability to successfully achieve specified levels of operating profits at hotels that have performance tests or guarantees in favor of our third-party owners; the impact of hotel renovations and redevelopments; risks associated with our capital allocation plans, share repurchase program, and dividend payments, including a reduction in, or elimination or suspension of, repurchase activity or dividend payments; the seasonal and cyclical nature of the real estate and hospitality businesses; changes in distribution arrangements, such as through internet travel intermediaries; changes in the tastes and preferences of our customers; relationships with colleagues and labor unions and changes in labor laws; the financial condition of, and our relationships with, third-party owners, franchisees, and hospitality venture partners; the possible inability of third-party owners, franchisees, or development partners to access the capital necessary to fund current operations or implement our plans for growth; risks associated with potential acquisitions and dispositions and our ability to successfully integrate completed acquisitions with existing operations or realize anticipated synergies; failure to successfully complete proposed transactions, including the failure to satisfy closing conditions or obtain required approvals; our ability to successfully complete dispositions of certain of our owned real estate assets within targeted timeframes and at expected values; our ability to maintain effective internal control over financial reporting and disclosure controls and procedures; declines in the value of our real estate assets; unforeseen terminations of our management and hotel services agreements or franchise agreements; changes in federal, state, local, or foreign tax law; increases in interest rates, wages, and other operating costs; foreign exchange rate fluctuations or currency restructurings; risks associated with the introduction of new brand concepts, including lack of acceptance of new brands or innovation; general volatility of the capital markets and our ability to access such markets; changes in the competitive environment in our industry, industry consolidation, and the markets where we operate; our ability to successfully grow the World of Hyatt loyalty program and manage the Unlimited Vacation Club paid membership program; cyber incidents and information technology failures; outcomes of legal or administrative proceedings; and violations of regulations or laws related to our franchising business and licensing businesses and our international operations; and other risks discussed in the Company’s filings with the U.S. Securities and Exchange Commission (“SEC”), including our annual report on Form 10-K and our Quarterly Reports on Form 10-Q, which filings are available from the SEC. These factors are not necessarily all of the important factors that could cause our actual results, performance or achievements to differ materially from those expressed in or implied by any of our forward-looking statements. We caution you not to place undue reliance on any forward-looking statements, which are made only as of the date of this press release. We undertake no obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable law. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.

¹ https://flywire.foleon.com/report/luxury-travel-report-2025/

 

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Robert Martinez
Robert.Martinez1@hyatt.com

NIKE, Inc. Announces Senior Leadership Changes to Accelerate “Win Now” Actions

 BEAVERTON, Ore. - Wednesday, 03. December 2025 

(BUSINESS WIRE) -- NIKE, Inc. (NYSE:NKE) today shared the following note with employees regarding changes to its Senior Leadership Team.

//

Team,

I’d like to share some important changes to our Senior Leadership Team (SLT) that further remove layers and continue to bring us closer to athletes* and the marketplace.

We’re establishing the role of EVP, Chief Operating Officer (COO), reporting to me, to better connect our operations and integrate technology more seamlessly into our sport offense. Venkatesh Alagirisamy (“Venky”), currently Chief Supply Chain Officer and a nearly 20-year Nike veteran, will take on this role effective December 8. Venky will lead Technology, in addition to his existing responsibilities leading Supply Chain, Planning, Operations, Manufacturing and Sustainability.

He and his team will now be able to look end-to-end to ensure technology is fully integrated across the company and into how we create, plan, make, deliver and sell our world-class innovations across our three iconic brands. His experience, innovative mindset and team-first leadership style will be key as we continue to evolve into a more agile, tech-enabled Nike.

As a result of this change, we’ve eliminated the EVP, Chief Technology Officer role on the SLT and Dr. Muge Dogan will leave the company. I want to thank Muge for the role she has played in advancing our tech capabilities, helping to shape how we embed digital, data and AI across our business. I’m grateful for the impact she’s had and wish her well.

Additionally, as we seek to move faster in service of athletes*, strengthen our leadership team’s connection with consumers and further activate our sport offense, the senior leaders of Nike’s four Geographies will now join the SLT, reporting to me. I want to welcome Angela Dong (Greater China), Carl Grebert (EMEA), Tom Peddie (North America) and Cathy Sparks (APLA) to our team.

As part of this shift, we’re eliminating the role of EVP, Chief Commercial Officer (CCO), currently held by Craig Williams. I want to thank Craig for his important role in advancing our marketplace strategy as CCO and for his leadership of the Jordan Brand. Throughout his time at Nike and Jordan, Craig has united teams around the world through his passion for our brands, his commitment to excellence and his value-based leadership. We wish him the best in his next chapter.

Global Sales and Nike Direct will now report to our EVP and Chief Financial Officer, Matt Friend. In addition to his role as CFO, Matt brings deep commercial, strategy, and geography experience from more than 15 years at Nike. He has partnered closely with me for several years managing our integrated marketplace, and his understanding of our global business will be especially valuable now. Bringing these teams under Matt’s leadership, alongside the strategy work he already oversees, puts him in a unique position to connect our marketplace directly to company strategy and where we place our biggest bets. It ensures that insights from our stores, our digital platforms, and our wholesale partners directly shape our corporate planning, growth initiatives, and investment priorities.

This move is about growth and offense — giving Sales and Nike Direct an even stronger voice in how we set strategy and invest. It also reflects the critical role the marketplace plays in driving Nike’s success, including our Win Now actions. Our physical and digital footprints will continue to celebrate the passion and emotion of sport, highlight our innovations and game-changing products, and inspire consumers wherever they experience our brands.

It’s significant our Brand presidents and our Geography leaders are sitting together at the same NIKE, Inc. leadership table. With this newly evolved SLT, I’m confident we’ll be able to accelerate the core aspects of our Win Now actions. Collectively, these changes amount to us eliminating layers and better positioning Nike to continue to have an impact the way only Nike can.

You’ve heard me say before we need everyone pushing forward with focus, speed, collaboration and urgency. I’m grateful to each of you for answering this call and I know we are making meaningful progress in creating a bright future of our own design.

Elliott Hill
President & CEO, NIKE, Inc.

*If you have a body, you are an athlete.

//

About NIKE, Inc.

NIKE, Inc., headquartered in Beaverton, Oregon, is the world's leading designer, marketer and distributor of authentic athletic footwear, apparel, equipment and accessories for a wide variety of sports and fitness activities. Converse, a wholly-owned NIKE, Inc. subsidiary brand, designs, markets and distributes athletic lifestyle footwear, apparel and accessories. For more information, NIKE, Inc.’s earnings releases and other financial information are available on the Internet at https://investors.Nike.com/. Individuals can also visit https://about.Nike.com/ and follow NIKE on LinkedIn, Instagram and YouTube.

For imagery/executive headshots, please visit: https://about.nike.com/en/company.

 

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Media Contact:
Media.Relations@nike.com

Investor Relations:
Investor.relations@nike.com

Saviynt Opens Dubai HQ to Strengthen Identity Security as AI Adoption Accelerates Across the Middle East

Strategic partnership with cybersecurity leader StarLink expands regional access to modern identity security solutions

 

(BUSINESS WIRE)--Saviynt, a leader in AI-powered identity security, today announced the opening of its new regional headquarters in Dubai and a strategic partnership with StarLink, one of the Middle East and Africa’s largest specialist cybersecurity distributors. The move comes as organizations across the region rapidly scale cloud and AI initiatives, transforming the identity landscape and intensifying demand for continuous access governance.

Cloud computing investment in the Middle East continues to surge, fueled by national digital transformation programs, regulated industry innovation, and the rise of AI-assisted business operations. This expansion has brought millions of new identities online, from employees and contractors to applications, workloads, and connected devices. Managing who has access to what, and ensuring that access remains appropriate, has become a defining challenge for security leaders.

“Enterprises across the Middle East are adding thousands of new identities every month, yet many still rely on manual access reviews and fragmented tools,” said Todd Rotger, Chief Revenue Officer at Saviynt. “That gap is exactly where attackers thrive. Our investment in the region is focused on helping customers close it and maintain control before risk becomes breach.”

As part of the launch, Saviynt will locally host its converged Identity Cloud platform to help customers meet data residency requirements and strengthen support for regulated industries including banking, energy, government, and telecommunications. The Dubai hub will focus on customer success, solution delivery, and partner enablement to accelerate time to value.

“With identity becoming the front line of digital trust, organizations need intelligent, unified control over every identity on their network,” said Mahmoud Nimer, President of StarLink. “Saviynt delivers that convergence without slowing down transformation. We are proud to bring their innovation to more customers across the region.”

The expansion builds on Saviynt’s growth across EMEA and APJ, including new offices and leadership in Singapore, London, Amsterdam, Germany, Iberia, and Poland, along with continued investment in its India innovation center. Saviynt was recently recognized as a 2024 Gartner® Peer Insights™ Customers’ Choice for Identity Governance and Administration for the fourth year in a row.

For more information about Saviynt's Identity Cloud, please visit the website.

About Saviynt

Saviynt empowers enterprises to secure their digital transformation, safeguard critical assets, and meet regulatory compliance. With a vision to provide a secure and compliant future for all enterprises, Saviynt is recognized as an industry leader in identity security whose cutting-edge solutions protect the world’s leading brands, Fortune 500 companies and government organizations. The company recently launched Saviynt University to help reduce the knowledge gap in cybersecurity and identity management by providing free training and certification programs, with significant focus on practitioners in India.

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Invisible IT Emerges as Workplace Transformation Evolves, Lenovo Research Finds

 Four out of five IT leaders say their systems can’t keep up and are turning to AI-powered automation to make IT seamless, predictive, and proactive.

 

(BUSINESS WIRE)--The next step in workplace transformation is invisible technology that fades into the background so that support is automated and seamless, according to a Lenovo global survey of IT leaders released today.

Most employees only notice IT when it slows them down and interrupts processes. Invisible IT is the opposite. It means technology that anticipates needs, prevents issues before they happen, and personalizes support automatically.

Achieving Invisible IT, the newest report in Lenovo’s ongoing Work Reborn series, explores how AI and automation are redefining the digital workplace and employee experience. Of the IT leaders who participated, 79% aspire to deliver seamless, proactive support that minimizes disruption for employees, but only 21% have achieved predictive issue resolution. The results underscore an urgent need for organizations to remove digital barriers, simplify IT ecosystems, and adopt AI-enabled, hyper-personalized support that delivers a truly effortless employee experience.

“Organizations have spent years modernizing their digital workplaces, but many remain hindered by fragmented systems and slow, manual support processes,” said Rakshit Ghura, Vice President and General Manager, Lenovo Digital Workplace Solutions. “By making IT invisible through predictive, proactive, and personalized support, enterprises can empower employees to focus on what truly matters: innovation, collaboration, and performance.”

The Workplace Is Ready for Change

Lenovo’s research shows that roughly half (49%) of IT decision makers agree productivity and engagement are the top priorities, but only 36% believe their current digital workplace effectively supports employee engagement. And 84% of IT leaders say they can’t predict disruptions before they occur, spotlighting the importance of AI to anticipate and resolve issues before they impact work.

To help organizations move toward this model, AI-powered workplace services can deliver the foundations of invisible IT. One example is Lenovo’s AI–driven workplace solutions platform that uses rich persona data and behavioral insights to tailor support to the individual, anticipating needs, resolving issues proactively, and personalizing every aspect of the employee’s digital experience. The approach has been shown to drive up to a 30% improvement in user satisfaction, 30% lower support costs, and 40% of issues proactively resolved, according to IDC and internal Lenovo data.1

Flexible device-subscription models also help reduce complexity. Lenovo’s TruScale Device as a Service, for example, cuts deployment time by up to 50% and lowers device-related IT costs.2

One customer example: Coventry University Group used TruScale DaaS to replace its aging IT infrastructure, eliminating an estimated 223 tons of CO₂ and cutting 40 IT labor hours per week from device management.3 They saw measurable gains in productivity, sustainability, and employee experience — all hallmarks of invisible IT.

Expert Perspective

“Lenovo’s services strategy looks to capture the next evolution of the digital workplace,” said Rob Brothers, VP of Services for IDC. “Organizations that invest in AI-enabled, proactive IT lifecycle management will lead the way in creating productive, resilient, and employee-focused workplaces.”

The Human Side of AI-Powered Support

Instead of replacing human expertise, invisible IT enhances it. Lenovo’s research found that 39% of IT leaders expect AI-driven support to allow IT staff to focus on higher-value work such as improving end-user productivity and experience, while only 12% foresee any reduction in team size.

“Invisible IT means smarter IT,” continued Ghura. “By automating routine support and anticipating needs, we’re freeing IT teams to shift from reactive maintenance to proactive value creation.”

Yet even as leaders recognize the value of combining human expertise with AI and automation, structural barriers remain. The top challenges cited by IT leaders include complex systems (51%), cost constraints (47%), and limited AI skills (43%). Lenovo’s report outlines practical steps to overcome these obstacles:

Unify and simplify IT ecosystems to reduce fragmentation

Upskill IT teams to harness AI capabilities

Partner with experienced providers to deploy predictive, personalized support more securely and at scale

Organizations that achieve invisible IT can reduce digital friction, boost engagement, and free employees to focus on higher-value work. The full Work Reborn Report 4: Achieving Invisible IT outlines practical steps enterprises are taking to get there.

To learn how your organization can unlock the benefits of invisible IT, download the full Work Reborn Report 4: Achieving Invisible IT and visit Lenovo.com for more insights on digital workplace transformation.

1 Source: Based on Lenovo internal testing data from Care of One deployments, Digital Workplace Solutions, 2025. Actual results may vary.

2 Source: Lenovo, TruScale DaaS ROI Tool, 2024. Sample representation based on average monthly pricing, 3-year refresh cycle, 2% repair rate, and $70K IT salary

3 Source: Lenovo case study, Coventry University Group: Equipping Staff for Success, 2024

About Lenovo

Lenovo is a US$69 billion revenue global technology powerhouse, ranked #196 in the Fortune Global 500, and serving millions of customers every day in 180 markets. Focused on a bold vision to deliver Smarter Technology for All, Lenovo has built on its success as the world’s largest PC company with a full-stack portfolio of AI-enabled, AI-ready, and AI-optimized devices (PCs, workstations, smartphones, tablets), infrastructure (server, storage, edge, high performance computing and software defined infrastructure), software, solutions, and services. Lenovo’s continued investment in world-changing innovation is building a more equitable, trustworthy, and smarter future for everyone, everywhere. Lenovo is listed on the Hong Kong stock exchange under Lenovo Group Limited (HKSE: 992) (ADR: LNVGY). To find out more visit https://www.lenovo.com, and read about the latest news via our StoryHub.

Notes for editors

Achieving Invisible IT is the fourth report in the Lenovo Work Reborn Research Series 2025, which is being published throughout the course of the year. The report is based on a survey of 600 IT leaders that took place in April and May 2025. The survey sample included respondents from the USA Canada, UK, France, Germany, India, Japan, Singapore, Brazil, Mexico Australia, and New Zealand. Respondents included IT leaders from companies with at least 1,000 employees and from a range of sectors.

Lenovo is a trademark of Lenovo. All other trademarks are the property of their respective owners. ©2025 Lenovo Group Limited. All rights reserved.

 

 

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Zeno Group for Lenovo: lenovossg@zenogroup.com