Nike CEO John Donahoe is out, replaced by company veteran Elliott Hill
Publishing timestamp: 2024-09-19 20:16:17
Summary
Nike CEO John Donahoe is retiring and company veteran Elliott Hill is returning to take over. Donahoe will step down in October, with Hill taking over the following day. Nike's shares climbed 8% after the announcement. The company is in the midst of a restructuring after a shift in strategy to sell directly to consumers. Hill's appointment is seen as positive for Nike due to his deep understanding of the company's culture.
Sentiment: MIXED
Keywords: breaking news: business, john donahoe, breaking news: markets, ebay inc, business news, nike inc,
Source: https://www.cnbc.com/2024/09/19/nike-ceo-john-donahoe-is-out-replaced-by-elliott-hill.html