Nike’s Legal Chief Retiring After $18 Million in Stock Sales

Nike Inc.’s longtime legal chief Hilary Krane sold off nearly $18.2 million in company stock within the past year, according to securities filings.

Krane is retiring from her roles as general counsel and chief administrative officer, the company said Tuesday. She will be replaced as Nike’s top lawyer as of Feb. 17 by corporate secretary and chief ethics and compliance officer Ann Miller.

Miller has served in a variety of in-house roles at Nike since she joined the Beaverton, Ore.-based athletic apparel maker in 2007. She was previously an associate at Paul Hastings and Sullivan & Cromwell.

Securities filings ...