Nike announced Monday that investor John W. Rogers, Jr. has been appointed to the company’s Board of Directors. Rogers currently serves as chairman, CEO and chief investment officer of Ariel Investments, LLC, a firm he founded in 1983 to focus on investing in small and medium-size companies.

“John brings with him a depth of financial expertise and we are pleased to welcome him to Nike’s board of directors,” said Mark Parker, chairman, president, and CEO of Nike in a press release. “His insights as a business leader will be invaluable as Nike moves into its next phase of accelerated growth.”

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Along with a solid long-term track record as the lead Portfolio Manager for Ariel Fund, Rogers’ also currently serves as a board member for companies Exelon Corp., McDonald’s Corp., and The New York Times.

In additional to Ariel, he is also the director of the Robert F. Kennedy Center for Justice and Human Rights and served as co-chair for the Presidential Inaugural Committee 2009 for President Barack Obama. He recently joined the Barack Obama Foundation’s Board of Directors.

Rogers holds an AB from Princeton University.