Summary of Nike names former executive Elliott Hill as CEO
Summary of Nike names former executive Elliott Hill as CEO
Nike has named Elliott Hill as its new CEO and president, effective October 14. Hill, a former Nike executive, will replace current CEO John Donahoe, who will retire and remain an advisor until January 2025. The news comes as Nike's stock has struggled this year, falling over 25% due to slowing revenue growth and concerns about the company's pivot to direct-to-consumer sales.
quoting nevent1q…lafrNike names former executive Elliott Hill as CEO
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https://finance.yahoo.com/news/nike-names-former-executive-elliott-hill-as-ceo-205824898.html
Nike has named Elliott Hill as its new CEO and president, effective October 14. Hill, a former Nike executive, will replace current CEO John Donahoe, who will retire and remain an advisor until January 2025. The news comes as Nike's stock has struggled this year, falling over 25% due to slowing revenue growth and concerns about the company's pivot to direct-to-consumer sales.