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Nike 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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KGW 8 broke the news in Portland, United States on Thursday, September 19, 2024.
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