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[April 21, 2014]
New Nike board member Michelle Peluso gets $160,000 in stock [The Oregonian, Portland, Ore. :: ]
(Oregonian (Portland, OR) Via Acquire Media NewsEdge) April 21--Nike on Monday said in a regulatory filing that newly named board member Michelle Peluso is the recipient of 2,162 shares of Nike stock.
That number of shares multiplied by Monday's stock price ($73.91 a half hour before NYSE's close) roughly equals $160,000. That's the amount of money in company stock Nike's board of directors approved last Thursday as initial compensation for incoming board members. Previously, incoming board members received 7,000 shares -- which on Monday would have equaled about $500,000.
The board voted to approve Peluso's appointment last Thursday. Nike's board now has 13 members, three of whom are women.
Peluso will serve on the Company's Audit Committee and the Corporate Responsibility and Sustainability Committee.
Peluso, 42, is chief executive of Gilt, the online discount site for luxury items. Prior to Gilt, she was global consumer chief marketing and internet officer of Citigroup Inc. from 2009 to 2013. From 2002 to 2009, Peluso held senior management positions at Travelocity.com LP, being appointed chief operating officer in 2003, and president and chief executive officer in 2004. Prior to Travelocity, in 1999 she founded Site59, an online travel site, serving as its chief executive officer until its acquisition by Travelocity in 2002. Peluso was also a board director of OpenTable, Inc. from 2008 to 2012.
Before becoming Gilt's CEO, Peluso was a board director, starting in 2009.
-- Allan Brettman ___ (c)2014 The Oregonian (Portland, Ore.) Visit The Oregonian (Portland, Ore.) at www.oregonian.com Distributed by MCT Information Services
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