Nike CEO Donahoe to Retire; Hill to Return as Successor — Update
Provided by
Dow Jones
By Sabela Ojea
Nike said John Donahoe would retire as chief executive and from the board on Oct. 13 after nearly five years at the helm.
The Beaverton, Ore., company on Thursday said Elliott Hill, who retired as the sneaker and apparel maker's President - Consumer and Marketplace in 2020, would succeed Donahoe.
Hill's appointment as both president and CEO will be effective Oct. 14.
Donahoe is expected to serve as an adviser to the company for a transitional period through Jan. 31, 2025.
Write to Sabela Ojea at sabela.ojea@wsj.com
(END) Dow Jones Newswires
September 19, 2024 16:49 ET (20:49 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
What’s the Difference Between the CPI and PCE Indexes?
-
Micron Earnings: Great Guidance but Stock Now Looks Fairly Valued
-
August PCE Report Forecasts Show More Good News on Inflation
-
AI Stocks May Be Down, but Don’t Count Them Out
-
4 Stocks to Buy as the Fed Cuts Interest Rates
-
Markets Brief: The Uncertain Path to Neutral Interest Rates
-
What’s Happening in the Markets This Week
-
Where Top Stock Fund Managers Are Looking Next After the Fed Rate Cut
-
Our Top Pick for Investing in US Renewable Energy
-
Undervalued by 25% and Yielding 5%, This Stock Is a Buy
-
Can AI Predict Future Stock Returns?
-
The Best Energy Stocks to Buy Now
-
10 Undervalued Wide-Moat Stocks
-
Obesity Drugs: Can New Firms Take Market Share From Eli Lilly and Novo Nordisk?
-
New 4-Star Stocks
-
Intel Fair Value Left Unchanged Despite Qualcomm Takeover Talk
United States