HONG KONG, CHINA - 2021/10/07: Children play in front of the American multinational sport clothing ... [+] brand Nike store, logo, with a slogan "Just Do It" illuminated banner in Hong Kong. (Photo by Budrul Chukrut/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesNike just announced that CEO John Donahoe will retire on October 13 to be replaced by longtime Nike stalwart Elliott Hill. Donahoe joined Nike’s board in 2014 and became CEO in January 2020. Hill came to Nike as a s ...

Key TakeawaysNike shares traded sharply higher in pre-market trading Friday after the world’s largest athletic apparel and equipment company announced Elliott Hill will replace John Donahoe as CEO amid a leadership shakeup aimed at reviving sales and competing more effectively with rival brands.Buyers have successfully defended a retracement to the neckline of a triple bottom, a chart pattern that typically forms after a prolonged downtrend and signals a potential price reversal. Investors can watch key ove ...

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Nike's new CEO, Elliot Hill, admitted things "haven't been easy" for the brand in a message to staff.Hill, a Nike veteran, will replace John Donahoe as CEO.He said employees need to show "speed and urgency" to turn the sneaker brand around. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personalized feed while you're ...

Nike is naming Elliott Hill, a company veteran of more than 30 years, as its new CEO.In the past few years, Nike relied too much on recycling old styles, an analyst told BI.Hopefully, the new hire will help Nike re-focus on a culture of innovation, he said. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personalized f ...

The Nike board of directors has announced a leadership transition that will see Elliott Hill, the company’s former president for consumer and marketplace, who retired in 2020, return to the company as president and CEO.The board also said in a Thursday (Sept. 19) press release that current President and CEO John Donahoe will retire from those roles and from the Nike board of directors effective Oct. 13. To ensure a smooth transition, Donahoe will remain as an adviser to the company through Jan. 31.Donahoe s ...

Key TakeawaysNike shares surged in extended trading Thursday after the global shoe and athletic apparel company named Elliott Hill its CEO, replacing John Donahoe.Hill will return to Nike after retiring in 2020, which at the time marked the end of a long career at the company.It's been a tough year for Nike, and Hill will have the task of reviving a stock that lost about a quarter of its value from the start of 2024 through Thursday's close. Nike (NKE) shares surged in extended trading Thursday after the gl ...

In a surprise move, Nike, Inc. on Thursday announced CEO John Donahoe will be retiring Oct. 13 and will be replaced by Elliott Hill, who will serve as president and chief executive and serve on the board of directors and executive committee. The move comes as the athletic giant struggles with a slumping stock price and competition from smaller rivals. The stock jumped in extended trading on the news. Ticker Security Last Change Change % NKE NIKE INC. 80.97 +0.04 +0.04% Hill will be tasked with turning ar ...

Nike just appointed a new CEO who came out of retirement to take the job.Elliott Hill will take over from John Donahoe in October, Nike said.It's the latest move Nike's making to right its business. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. Email address By clicki ...

Nike said Thursday that CEO John Donahoe will retire after more than five years at the helm as the sportswear giant shakes up its top rank amid efforts to revive sales and battle rising competition.The company named Elliott Hill president and chief executive officer, effective Oct. 14, 2024.Donahoe was tasked with bolstering Nike’s online presence and drive sales through direct-to-consumer channels.CEO John Donahoe will retire after more than five years at the helm. Getty ImagesThe push initially helped the ...