Bullet points of Nike boss steps down as company veteran returns

Bullet points of Nike boss steps down as company veteran returns
- John Donahoe will retire on October 13th and stay on in an advisory role until early next year
- Elliott Hill will take over as CEO
- Donahoe was responsible for boosting Nike's online presence and driving sales directly from customers
- Nike has faced tough competition from newer rivals like On and Hoka
- Hill retired from the company four years ago and is set to return as CEO