US EditionNike CEO John Donahoe is out, replaced by Elliott Hill
- Nike announced Elliott Hill will replace John Donahoe as president and CEO amid efforts to improve sales and competition.
- Elliott Hill, a former Nike senior executive for 32 years, returns after previously retiring in 2020.
- Hill's new role starts on October 14, with an annual base salary of $1.5 million.
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John Donahoe Out as Nike CEO; Elliott Hill Returns to Succeed Him
John Donahoe's bumpy run as president and CEO of footwear and athletic apparel colossus Nike will reach its end on Oct. 13, with the company announcing Thursday that his retirement makes way for a familiar face. Elliott Hill, who retired from the post of president of consumer and marketplace in 2020, will succeed Donahoe on...
Nike Jumps As Dow Giant Names Elliott Hill As CEO
Nike stock jumped overnight as the Dow giant said CEO John Donahue was stepping down, with longtime company veteran Elliott Hill taking over. The post Nike Stock Jumps As Dow Giant Names Company Veteran Elliott Hill As CEO appeared first on Investor's Business Daily.
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