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Glonghui, June 24th｜Nike announced the appointment of former Pfizer executive David Denton as the company’s next Chief Financial Officer, with the appointment effective August 17. Denton joined Pfizer as CFO in May 2022, and previously served as CFO at Lowe’s and CVS Health. This appointment comes as Nike seeks to reverse its downturn under CEO Elliott Hill’s leadership. Hill stated: “Dave is an experienced public company CFO who understands how to help great consumer brands invest to win in the marketplace while maintaining operational discipline.”

(1) The US Department of the Treasury’s Office of Foreign Assets Control issued a general license on Monday, allowing business activities related to the production, sale, delivery, and unloading of Iranian crude oil, petrochemicals, and petroleum products, effective until August 21. (2) Central Bank of Iran Governor Hemmati said that several million barrels of oil have been exported over the past few days, and the advantage of this license lies in reducing the cost of fund transfers and simplifying the complex issues related to sanctions, though oil exports are still ongoing. (3) Hemmati emphasized that Iran has no intention of abandoning the evasion networks previously established to offset sanction pressures, and these existing channels will continue to remain effective.

The Goldfinch community has passed proposal GIP-87, deciding to shut down Goldfinch Prime and enter maintenance mode. Warbler Labs will receive a $150,000 service fee to handle subsequent operations and wrap-up work.