Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors

every morning.

Good morning.

Today is Wednesday, December 3rd, and I'm your host Kim Kahn, filling in for Julie Morgan.

Nike is reshuffling its senior leadership team as part of a broader turnaround plan,

aimed at removing

layers of management, strengthening leadership alignment with consumers, and accelerating what it

calls its sport offense. The company has created a new chief operating officer role, which

current chief supply chain officer, Venkatash Alighirisami, will assume on December 8th. In this

expanded role, he'll oversee technology,

along with his existing responsibilities across supply chain, planning, operations, manufacturing,

and sustainability. A move Nike says will help fully integrate technology across the company.

As part of the restructuring, Nike has eliminated the position of executive vice president

and chief technology officer, resulting in the departure of Dr. Muge Dogen.

Meanwhile, the heads of Nike's four major geographies will now join the senior leadership team,

reporting directly to CEO Elliot Hill.

Nike is also eliminating the role of Executive Vice President and Chief commercial officer held by Craig Williams.

And in a final structural change, global sales and Nike Direct will now report to CFO Matt Friend,

putting him in what the company calls, a unique position to connect Nike's marketplace

directly to strategy and where the company places its biggest bets.

More details emerge in the Battle for Warner Brothers.

Bloomberg says Comcast is looking to merge its NBC Universal division with Warner. Comcast made a renewed offer on

...