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.

Nike Inc. said Thursday it has named Elliott Hill as its president and CEO, replacing John Donahoe, who will retire next month.

Nike said on Thursday that former senior executive Elliott Hill will rejoin the company to succeed John Donahoe as president ...

(Reuters) -Nike said on Thursday that former senior executive Elliott Hill will rejoin the company to succeed John Donahoe as ...

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