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 Announces Leadership Changes: Elliott Hill Returns as CEO, John Donahoe Retires

Elliott Hill, Nike Veteran, Resumes Role as President and CEO

NIKE, Inc. has announced the return of Elliott Hill as its President and Chief Executive Officer (CEO). Hill, a long-serving Nike veteran, will succeed John Donahoe, who will retire from the company after nearly six years in the role.

Hill brings a wealth of experience and industry knowledge to his new position. He previously served as Nike's President of Consumer and Marketplace from 2018 to 2022, where he oversaw the company's global sales, marketing, and product development efforts.

Under Hill's leadership, Nike experienced significant growth and innovation. He is widely recognized for his strategic vision and his ability to connect with consumers on a global scale.

John Donahoe Retires After a Successful Tenure

John Donahoe, who has served as Nike's CEO since 2014, will retire from the company effective June 2023. Donahoe joined Nike from eBay, where he served as CEO from 2008 to 2014.

During his tenure at Nike, Donahoe oversaw a period of sustained growth and profitability. He is credited with transforming Nike into a digital-first enterprise, expanding the company's digital sales and marketing capabilities.

Donahoe's leadership has also been marked by a focus on sustainability and social responsibility. Under his guidance, Nike has made significant progress in reducing its environmental footprint and promoting social justice initiatives.

A Smooth Transition and a Bright Future

The transition to Hill's leadership is expected to be seamless. Hill has worked closely with Donahoe in recent years and is well-prepared to take on the CEO role.

Nike's Board of Directors expressed confidence in Hill's ability to lead the company into the future. They cited his deep understanding of the industry, his proven leadership skills, and his passion for the Nike brand.

With Hill at the helm, Nike is well-positioned to continue its growth trajectory and remain a global leader in the sportswear industry.