Nike changes name of Joe Paterno Child Care Center at global headquarters

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Nike has changed the name of the Joe Paterno Child Care Center at its world headquarters. (Greg Shamus/Getty Images)

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Nike removed former Penn State football coach Joe Paterno's name on Thursday from the child care center at its world headquarters in Beaverton, Ore., according to statements Nike CEO Mark Parker posted to the company website:

I have been deeply saddened by the news coming out of this investigation at Penn State. It is a terrible tragedy that children were unprotected from such abhorrent crimes. With the findings released today, I have decided to change the name of our child care center at our World Headquarters. My thoughts are with the victims and the Penn State community.

Nike founder Phil Knight, who spoke at Paterno's funeral, said in a statement also posted to the website that despite today's findings about Paterno and his assistant coach Jerry Sandusky, "my love for Joe and his family remains."