Skip to content
RetailOnline Retail

NIKE, Inc. Board of Directors Announces Long-Time Nike Veteran Elliott Hill to Return as President and Chief Executive Officer John Donahoe to Retire from Nike

NIKE, Inc. 3 mins read
BEAVERTON, Ore.--BUSINESS WIRE--

The Board of Directors of NIKE, Inc. (NYSE:NKE) announced today that Elliott Hill will become President and Chief Executive Officer of NIKE, Inc., effective October 14, 2024. Hill will also become a Director of the NIKE, Inc. Board of Directors and a member of the Executive Committee.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240919388699/en/

Incoming NIKE, Inc. President & CEO Elliott Hill (Photo: Business Wire)

Incoming NIKE, Inc. President & CEO Elliott Hill (Photo: Business Wire)

“I am excited to welcome Elliott back to NIKE. Given our needs for the future, the past performance of the business, and after conducting a thoughtful succession process, the Board concluded it was clear Elliott’s global expertise, leadership style, and deep understanding of our industry and partners, paired with his passion for sport, our brands, products, consumers, athletes, and employees, make him the right person to lead Nike’s next stage of growth,” said Mark Parker, Executive Chairman of NIKE, Inc. “Personally, I have worked with Elliott for more than 30 years and I look forward to supporting him and his senior management team as they seize the opportunities ahead.”

The Board and John Donahoe have decided he will retire from his role as President and Chief Executive Officer and from the NIKE, Inc. Board of Directors effective October 13. He will remain as an advisor to the company to ensure a smooth transition through January 31, 2025.

“I would like to thank John for his contributions to Nike as President and CEO, and as a board member. I would particularly like to recognize the role he played in leading the company during the COVID pandemic and his unwavering support for the investments Nike has made in our communities around the world,” added Parker.

“NIKE has always been a core part of who I am, and I’m ready to help lead it to an even brighter future. For 32 years, I’ve had the privilege of working with the best in the industry, helping to shape our company into the magical place it is today,” said Elliott Hill. “I’m eager to reconnect with the many employees and trusted partners I’ve worked with over the years, and just as excited to build new, impactful relationships that will move us ahead. Together with our talented teams, I look forward to delivering bold, innovative products, that set us apart in the marketplace and captivate consumers for years to come.”

Throughout the course of his career at Nike, Hill held senior leadership positions across Europe and North America and was responsible for helping grow the business to more than $39 billion. Before retiring in 2020, he was President - Consumer and Marketplace leading all commercial and marketing operations for Nike and Jordan Brand, including the P&L across the company’s four geographies. He retired from Nike in 2020. Hill is a graduate of Texas Christian University (TCU) and Ohio University and currently serves on the Board of Trustees for TCU.

“It’s been an honor and privilege to be part of this incredible company, and I’ll always value my time at Nike and the opportunity to lead the organization. I have great respect for Phil, Mark, Nike and its employees,” said John Donahoe. “It became clear now was the time to make a leadership change, and Elliott is the right person. I look forward to seeing Nike and Elliott’s future successes.”

About NIKE, Inc.

NIKE, Inc., headquartered in Beaverton, Oregon, is the world's leading designer, marketer and distributor of authentic athletic footwear, apparel, equipment and accessories for a wide variety of sports and fitness activities. Converse, a wholly-owned NIKE, Inc. subsidiary brand, designs, markets and distributes athletic lifestyle footwear, apparel and accessories. For more information, NIKE, Inc.’s earnings releases and other financial information are available on the Internet at https://investors.nike.com/. Individuals can also visit https://about.nike.com/ and follow NIKE on LinkedIn, Instagram and YouTube.


Contact details:

KeJuan Wilkins
media.relations@nike.com

Media

More from this category

  • RetailOnline Retail
  • 08/10/2024
  • 13:40
ATFX

ATFX Announces: Strategic Investment in Spark Systems to Enhance Institutional Offerings

LONDON, Oct. 08, 2024 (GLOBE NEWSWIRE) -- ATFX is pleased to announce its strategic investment in Spark Systems, a next generation, institutional-grade eFX trading platform based in Singapore serving clients in Asia and globally. ATFX is entering into this partnership with Spark Systems via a Series C investment. Spark Systems investors include leading venture capital companies and also global banks including Citibank and HSBC. This partnership is aimed at enhancing ATFX’s institutional services and will explore synergies between both organizations.The investment in Spark Systems creates opportunities to leverage ATFX Connect liquidity within the platform, this builds on ATFX group's commitment to enhance its trading infrastructure which is evidenced by…

  • RetailOnline Retail
  • 08/10/2024
  • 10:10
2ONE LABS INC.

2ONE Labs and Performance Plus Marketing, sellers of 2ONE Nicotine Pouches, Allege Fraud and Seek Damages in ‘Zone’ Trademark Infringement Case Against Imperial Brands

LOS ANGELES, Oct. 07, 2024 (GLOBE NEWSWIRE) -- In a case alleging fraud by one of the world’s largest multinational tobacco companies, 2ONE Labs and Performance Plus Marketing have filed both a trademark infringement lawsuit and a preliminary injunction against Imperial Brand subsidiaries Zone nicotine pouch mark.The suit alleges that Imperial’s Zone products infringe the 2ONE® tobacco-free nicotine pouch brand and that the infringement is willful. In addition to seeking an award for damages, 2ONE® is also seeking cancellation of Imperial’s Zone mark.The 2ONE® brand has been continuously marketed and sold to adult consumers through thousands of convenience chain and…

  • RetailOnline Retail
  • 08/10/2024
  • 00:12
Tainan City Government

2024 Taiwan Design Expo to illuminate Tainan with creativity and innovation

TAINAN, Taiwan–BUSINESS WIRE– The Taiwan Design Expo, the largest annual event in the country’s design industry, will take place from Oct. 26 to Nov.…

  • Contains:

Media Outreach made fast, easy, simple.

Feature your press release on Medianet's News Hub every time you distribute with Medianet. Pay per release or save with a subscription.