Trending Articles- Bitcoin Drops to $70,000. U.S. Government Refuses to Bail Out Market, End of Bull Market or Golden Pit?
- Gold rallies further beyond $5,050 amid flight to safety, dovish Fed expectations
- Bitcoin Bottom Debate: $70,000 or $50,000?
- A Crash After a Surge: Why Silver Lost 40% in a Week?
- Bitcoin Reclaims $70,000. Cathie Wood Claims Near Potential Bottom, Will This Time Be Different?
- Bitcoin Rout. Bridgewater Founder Dalio Publicly Backs Gold.
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.
