Trending Articles- Gold declines as Trump scraps Iran memorandum, markets await Fed minutes
- US President Trump: I think MoU with Iran is over
- Gold slides back closer to $4,050 as Iran risks and Fed hike bets boost USD
- WTI Crude Oil Price Forecast: US-Iran Conflict Reignites, Will a New Round of Oil Price Rises Begin?
- Gold recovers above $4,100 as traders assess US-Iran conflict
- WTI spikes following fresh US airstrikes on Iran
Nike (NYSE:NKE) announced that Elliott Hill will take the helm as President and Chief Executive Officer effective October 14, 2024. Following the news, the company's shares gained nearly 8% in after-hours trade.
The transition comes as current President and CEO, John Donahoe, prepares to retire from his role and from the Board of Directors on October 13. Donahoe will continue to serve as an advisor to the company until January 31 to support a smooth changeover.
Mark Parker, Executive Chairman of Nike, praised Hill's global expertise and leadership, emphasizing his comprehensive understanding of the industry and the company's partners.
Parker also acknowledged Donahoe's significant contributions, especially his leadership during the COVID-19 pandemic and his support for the company's community investments. Donahoe expressed confidence in Hill as the right choice for the company's future leadership.
Hill, who previously retired from Nike in 2020, has a long history with the company, having held senior leadership roles in both Europe and North America.
Read more
* The content presented above, whether from a third party or not, is considered as general advice only. This article should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments.
