CNBC: Nike CEO John Donahoe is out, replaced by company veteran Elliott Hill

Time for Change clock

Rangizzz ID 21994337 © Rangizzz | Dreamstime.com

By LoadstarEditorial

19/09/2024

CNBC reports:

Nike on Thursday announced that its CEO John Donahoe is stepping down and company veteran Elliott Hill is coming out of retirement to take the helm of the sneaker giant.

Donahoe, who has been Nike’s CEO since Jan. 2020, will retire from his position on Oct. 13. Hill is slated to take over on the following day. Donahoe will stay on as an advisor through the end of January.

Shares climbed 8% in extended trading Thursday. As of the close, shares are down more than 25% this year…

To read the full post, please click here.

Comment on this article

You must be logged in to post a comment.

Topics

CNBC Nike

Most read news

Box lines declare force majeure as White House defends ILA

Talks rumoured to be underway after USMX urged ILA back to the table

Airlines scramble to avoid Middle East airspace as missiles fly

Shippers scrambling for alternatives as box lines divert from closed ports

Port strike will see 60 more ships at anchor this week and rates rising

Kuehne CEO Paul against DSV's M&A and 'two of a kind' syndrome

US ports re-open as ILA and USMX extend master contract - and negotiations - to January

Another round of staff lay-offs at Flexport

Forwarder concern grows over port strike amid a scramble for dwindling airfreight capacity

Deutsche Bahn supervisory board approves DSV bid for DB Schenker

East coast containership logjam builds as vessels steam in

Shippers brace for extra costs as carriers invoke force majeure

Vessel bunching on USEC slow to clear, as ILA shapes new 'strategy'

Here’s how the DSV-Schenker integration favours Schenker

Why I’ll miss the ‘defiantly brazen’ Schenker

Laying it on a bit thick: how 'lines are cashing in on stevedores' just demands'