Nike veteran Hill to replace Donahoe as CEO; shares jump
(Reuters) -Nike said on Thursday that former senior executive Elliott Hill will rejoin the company to succeed John Donahoe as president and CEO, as the sportswear giant shakes up its leadership amid efforts to revive sales and battle rising competition. The company's shares rose 8% in after-hours trading.
Nike Inc. has named Elliott Hill as its president and CEO effective, replacing John Donahoe, who will retire next month ...
Nike stock is higher Friday after the embattled retailer announced a 32-year company veteran will return as its incoming CEO.
One analyst said the “highly anticipated leadership change will inject a much-needed sense of urgency” to Nike, whose share price remains down 50% from its 2021 peak.
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The best Nike running shoes have been used by elites to produce remarkable feats in recent years. For instance, in 2023, Kelvin Kiptum shattered the marathon world record with a stunning time of 2 ...
See the resume of Nike’s new CEO, who started at the company as an intern ...
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