Nike CEO calls it quits as sportswear giant’s sales sink

Nike said 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 top rank amid efforts to revive sales and battle rising competition.

The company’s shares rose 9% in after-hours trading.

Hill was at Nike for 32 years and held senior leadership positions across Europe and North America and was responsible for helping expand the business to more than $39 billion, the company said.

https://nypost.com/2024/09/19/business/nike-ceo-john-donahoe-as-sportswear-giant/