Nike Names Elliott Hill as New CEO

John Donahoe Retires After Five Years

Nike, Inc. has announced that Elliott Hill, a 30-year veteran of the company, will succeed John Donahoe as CEO, effective June 26, 2023. Donahoe will remain on Nike's board of directors and serve as a special advisor to Hill.

Hill has held various leadership roles at Nike, including president of consumer and marketplace, and most recently served as president of North America.

Key Highlights

• Elliott Hill has been named the new CEO of Nike, replacing John Donahoe.
• Hill has been with Nike for 30 years and has held various leadership positions.
• Donahoe will retire as CEO but remain on Nike's board of directors.

Elliott Hill's Background

Hill joined Nike in 1993 and has held various leadership positions in sales, marketing, and merchandising.

As president of consumer and marketplace, he was responsible for Nike's global direct-to-consumer business, including its digital commerce platform and retail stores.

John Donahoe's Retirement

Donahoe has been CEO of Nike since 2014. Under his leadership, Nike's revenue has grown from $27 billion to over $46 billion.

Donahoe is credited with transforming Nike's digital business and expanding its global footprint.

Impact on Nike

Hill's appointment as CEO is seen as a sign of continuity for Nike.

He is expected to continue Donahoe's focus on digital innovation and sustainability.

Conclusion

Nike's CEO transition is a significant event for the company and the industry.

Hill's appointment is a testament to his experience and leadership skills, and Donahoe's retirement marks the end of an era for Nike.