Company announces that Trevor Edwards would retire on the heels of reports of actions outside 'core values.'

PAMPLIN MEDIA GROUP FILE PHOTO - Nike's No. 2 executive Trevor Edwards, left, met with President Obama during the president's 2015 visit to the Washington County corporate campus. Edwards abruptly left his position on Thursday, March 15, after a memo outlined behavior outside the company's 'core values.'Trevor Edwards, Nike brand president and the Washington County athletic apparel firm's No. 2, is leaving the company. Edwards will leave the company immediately and retire in August, according to The Wall Street Journal.

Chairman and Chief Executive Officer Mark Parker said Thursday, March 15, that Edwards would remain as his adviser until he retires.

The news comes as Parker said in an internal memo obtained by ESPN, that the company has "become aware of reports of behavior occurring within our organization that do not reflect our core values of inclusivity, respect, and empowerment….This disturbs and saddens me," Parker said.

The note does not implicate Edwards nor specify the complaints.

Edwards joined Nike in 1992 as a regional marketing manager, leading innovations such as the in-shoe pedometer Nike Plus.

Here is the company's March 15 statement on the personnel changes:

NIKE Inc. today announced that Mark Parker will remain as chairman, president and CEO beyond 2020 and Elliott Hill, former president of Nike Geographies, will take on the new role as president of Consumer and Marketplace. In this role, he will be responsible for Marketing, Geographies, Nike Direct and Global Sales. Michael Spillane will continue to lead all Categories, Design, Product and Merchandising. In the new structure, both Hill and Spillane will report directly to Mark Parker. Trevor Edwards, Nike Brand president, has decided to retire from Nike in August. He will now serve as an advisor to Mark Parker until his retirement as Nike transitions its organization.

"I'd like to thank Trevor for the important role he has played for 25 years and for his significant contributions. He has helped us grow and strengthen our brand on a global scale. I am committed to stay in my role as chairman, president and CEO beyond 2020. Trevor has decided to retire," says Mark Parker. "We are fortunate to have a strong management team in place who is well suited to drive our next stage of growth and to steward and evolve our culture in the future."

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