New Balance Athletics, Inc., the iconic privately held sportswear company founded in 1906, has been led by President & CEO Joe Preston since 2018. A 30-year veteran of the company, Preston joined New Balance in 1995 and rose through the ranks from senior product manager to Chief Commercial Officer before taking the helm. Under his leadership, New Balance has achieved five consecutive years of double-digit revenue growth, reaching a record $9.2 billion in global sales in 2025 and positioning the brand to surpass $10 billion in 2026. Preston has overseen a remarkable brand transformation, turning New Balance from a niche running shoe company into one of the most culturally relevant athletic and lifestyle brands in the world.
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Joe Preston – Quick Facts
New Balance Competitors
New Balance competes in the highly competitive global athletic footwear and sportswear industry. The brand has been gaining significant market share, particularly against Nike. Key competitors include:
- Nike – world’s largest athletic footwear and apparel company
- Adidas – German-based global sportswear giant
- Puma – German multinational athletic and casual footwear
- Skechers – American comfort and performance footwear brand
- On Running – Swiss performance running brand (NYSE: ONON)
- Hoka (Deckers Brands) – fast-growing max-cushion running brand
- Asics – Japanese performance running and athletic footwear
- Brooks Running (Berkshire Hathaway) – premium running shoe specialist
Joe Preston Net Worth 2026 – New Balance CEO Salary
As of 2026, Joe Preston’s net worth is estimated at approximately $40–50 million USD. Since New Balance is a privately held company and is not required to file public executive compensation disclosures with the SEC, exact salary figures are not publicly available. However, based on industry benchmarks for CEOs of companies with $9+ billion in revenue, Preston’s total annual compensation is estimated at $4–7 million USD, including base salary, performance bonuses, and other benefits.
Estimated New Balance CEO Compensation (2025)
New Balance Net Worth 2026 – Is New Balance Profitable?
Yes, New Balance is a highly profitable and rapidly growing company. Under Joe Preston’s leadership, New Balance has achieved five consecutive years of double-digit revenue growth, transforming from a $3.3 billion business in 2020 to a $9.2 billion brand in 2025. The company is on track to reach $10 billion in annual revenue in 2026. New Balance owner Jim Davis has a net worth of approximately $6.2 billion, according to the Bloomberg Billionaires Index.
New Balance Financial Summary
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New Balance CEO Email Address | Joe Preston Contact
Below are the contact details and social media profiles for New Balance CEO Joe Preston:
Career & Education – Company, University, & College
Joe Preston is a career-long footwear executive with more than 30 years of experience in the athletic shoe industry. Before joining New Balance, he worked at First Brands Corporation as a brand manager from 1988 to 1995. He joined New Balance in 1995 as a senior product manager for running and custom products and steadily rose through the ranks over the next two decades, gaining deep expertise across product development, international markets, and commercial operations.
Joe Preston Career Timeline
Preston succeeded Rob DeMartini, who served as New Balance CEO from 2007 to 2018. Under Preston’s stewardship, the company has undergone a dramatic transformation. He has overseen a period of record-breaking growth, expanded domestic manufacturing capabilities with a new factory in Londonderry, New Hampshire, and elevated the brand’s cultural cachet through strategic partnerships and collaborations. Preston strongly supports the brand’s core values of customer satisfaction, teamwork, and integrity.
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Preston is also actively involved in industry leadership. He serves as Chair of The Sports Museum in Boston and is a board member of the Two Ten Foundation, the American Apparel & Footwear Association (AAFA), and the Advanced Functional Fabrics of America (AFFOA). He is also a member of the Retail Industry Leaders Association (RILA).
Education
Joe Preston Wiki – Age, Family, & Personal
New Balance CEO Joe Preston (age approximately 62 as of 2026) is based in the greater Boston, Massachusetts area. He graduated from Merrimack College in 1984 and went on to earn his MBA from Babson College, one of the top-ranked entrepreneurship schools in the United States. Preston maintains a private personal life and keeps details about his family out of the public eye. He is known for his belief that exercise, nutrition, and food are three critical pillars of wellness. As a leader, he consistently stresses the importance of listening to others and staying connected to consumers, partners, and employees.
Notable Achievements & Industry Involvement
- Record Revenue Growth – Oversaw New Balance’s growth from $3.3B (2020) to $9.2B (2025) in annual revenue
- Cultural Brand Transformation – Elevated New Balance from niche running brand to global lifestyle powerhouse
- U.S. Manufacturing Champion – Expanded domestic manufacturing with five factories in Maine, Massachusetts, and New Hampshire
- The Sports Museum, Chair – Leads the premier Boston-based sports heritage institution
- Two Ten Foundation, Board Member – Supports the footwear industry’s charitable organization
- AAFA Board Member – Active in American Apparel & Footwear Association leadership
- RILA Member – Participates in the Retail Industry Leaders Association
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About New Balance
New Balance Athletics, Inc. is an American multinational sportswear company headquartered at Boston Landing in Brighton, Massachusetts. Founded in 1906 by William J. Riley as the New Balance Arch Support Company, the brand has grown over more than a century into one of the world’s leading athletic footwear and apparel companies. New Balance remains privately held, owned by chairman Jim Davis and his family, who acquired the company in 1972.
New Balance is the only major athletic shoe brand that still manufactures footwear in the United States, operating five factories in Maine, Massachusetts, and New Hampshire that produce approximately four million pairs of shoes annually. The company employs over 10,000 associates worldwide and operates retail locations across the globe.
Frequently Asked Questions (FAQ)
Who is the current CEO of New Balance?
The current CEO of New Balance is Joe Preston, who has served as President and Chief Executive Officer since 2018. He succeeded Rob DeMartini and has been with the company since 1995, making him a 30-year veteran of the brand.
What is Joe Preston’s net worth in 2026?
As of 2026, Joe Preston’s net worth is estimated at approximately $40–50 million USD. Since New Balance is a private company, exact figures are not publicly disclosed. His wealth is attributed to his long tenure as CEO and decades-long career in the footwear industry.
What is the New Balance CEO’s salary?
Joe Preston’s estimated annual compensation is in the range of $4–7 million USD, including base salary, performance bonuses, and benefits. As a private company, New Balance does not publicly disclose executive compensation details.
What is New Balance CEO’s email address?
Joe Preston’s email address is [email protected] or [email protected]. He can also be reached via LinkedIn. For general inquiries, contact New Balance corporate at (617) 783-4000.
Is New Balance a publicly traded company?
No, New Balance is a privately held company owned by Jim Davis and his family. Jim Davis purchased the company in 1972 and remains its chairman. Unlike competitors such as Nike (NYSE: NKE) and Adidas (XETRA: ADS), New Balance is not listed on any stock exchange.
How much revenue does New Balance generate?
New Balance achieved record global sales of $9.2 billion in 2025, representing 19% year-over-year growth. This marked the brand’s fifth consecutive year of double-digit growth. The company is targeting $10 billion in annual revenue by the end of 2026.
Article last updated:January 2026March 2, 2026
Disclaimer: All information presented in this article has been compiled from publicly available sources, including official company press releases, industry publications, and reputable news outlets. As New Balance is a privately held company, financial and compensation figures are estimates based on available data and industry benchmarks. This content is provided for informational purposes only and does not constitute financial or investment advice.