NIKE, Inc. Announces Board Member John Donahoe Will Succeed Mark Parker as President & CEO in 2020; Parker to Become Executiv...
October 22 2019 - 4:10PM
Business Wire
The Board of Directors of NIKE, Inc. (NYSE:NKE) announced today
that John Donahoe will be appointed as the company’s new President
and Chief Executive Officer, effective Jan. 13, 2020. At the same
time, Mark Parker, CEO since 2006 and Chairman, President & CEO
since 2016, will become Executive Chairman and continue to lead the
Board of Directors and work closely with Donahoe and the senior
management team.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20191022006118/en/
NIKE, Inc. announces Board Member John
Donahoe (right) will succeed Mark Parker (left) as President &
CEO in 2020; Parker to become Executive Chairman (Photo: Business
Wire)
“This is an exciting time for Nike where we see brand strength
and momentum throughout the world and great opportunity for future
growth,” said Parker. “I am delighted John will join our team. His
expertise in digital commerce, technology, global strategy and
leadership combined with his strong relationship with the brand,
make him ideally suited to accelerate our digital transformation
and to build on the positive impact of our Consumer Direct Offense.
I look forward to continuing to lead the Board as Executive
Chairman, as well as partnering closely with John and the
management team to help him transition to his new role.”
“It is an honor to become President and CEO of this amazing,
innovative company, and to join the more than 76,000 talented and
passionate employees dedicated to serving athletes,” said Donahoe.
“Over the last five years, I’ve been proud to be connected to Nike
through my role on the Board and now look forward to being a
full-time member of the team, working even more closely with Mark,
building on Nike’s success and seizing the opportunities
ahead.”
Donahoe is the current President and CEO of ServiceNow, Inc. and
also serves on its Board of Directors. He is Chairman of PayPal
Holdings, Inc. From 2008 through 2015, he was President and CEO of
eBay, Inc. and previously was the CEO and Worldwide Managing
Director of Bain & Co. from 1999 to 2005 and a Managing
Director from 1992 to 1999. He earned a bachelor’s degree in
Economics from Dartmouth College and an MBA from Stanford
University.
Donahoe will remain on the Board of Nike where he has been a
member since 2014.
About NIKE, Inc.
NIKE, Inc., based near Beaverton, Oregon, is the world’s leading
designer, marketer and distributor of authentic athletic footwear,
apparel, equipment and accessories for a wide variety of sports and
fitness activities. Wholly-owned NIKE, Inc. subsidiary brands
include Converse, which designs, markets and distributes athletic
lifestyle footwear, apparel and accessories; and Hurley, which
designs, markets and distributes surf and youth lifestyle footwear,
apparel and accessories. For more information, NIKE, Inc.’s
earnings releases and other financial information are available on
the Internet at http://investors.nike.com. Individuals can also
visit http://news.nike.com and follow @NIKE.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20191022006118/en/
Investor Contact: Matt Friend (503)
532-4213 Media Contact: Mark Rhodes
(503) 532-8877
Nike (NYSE:NKE)
Historical Stock Chart
From Mar 2024 to Apr 2024
Nike (NYSE:NKE)
Historical Stock Chart
From Apr 2023 to Apr 2024