Nike ( (NKE) ) has provided an update.
NIKE, Inc. has announced the appointment of Elliott Hill as the new President and CEO, effective October 14, 2024, bringing back the seasoned Nike executive who has over 32 years of experience within the company. Hill’s track record in various senior leadership roles and his deep understanding of the brand and the industry position him to steer the company’s future growth. Concurrently, John Donahoe will retire from his current roles but will continue advising the company to ensure a smooth transition until his retirement on January 31, 2025. Hill, with his long-term commitment to NIKE and a clear vision for innovation and consumer engagement, is set to lead the company into its next chapter.
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