Converse is getting a new CEO. Parent company Nike announced earlier this week that current CEO Jack Boys will retire at the end of the year and be replaced by Michael Spillane, who currently serves as President, North America and Global Product. Spillane joined Converse in 2007 as President of North American Footwear and has 25 years of experience in finance, textiles and apparel. He previously served as CEO at Polartec and Malden Mills and held senior management positions at Tommy Hilfiger and Jockey.

“We are very excited to have Michael in the CEO role. He has worked closely with Jack for the past two years developing Converse’s growth strategy,” said Eunan McLaughlin, President of Nike, Inc. Affiliates. “Their leadership, passion and deep understanding of the Converse consumer has uniquely positioned Converse for continued global growth.”

Boys has been Converse’s CEO since April 2001 and helped transition the brand after it was purchased by Nike in 2003.

“With Jack’s leadership, Converse has experienced exceptional brand growth and financial performance. His contribution to Converse’s success has helped make the brand what it is today. Under his guidance, Converse just posted its most profitable first quarter to date – demonstrating the power and potential of the Converse brand,” added McLaughlin.

—Christopher Blomquist