By Khadeeja Safdar

Nike Inc. said longtime Chief Executive Mark Parker will step aside as CEO of the sportswear giant and be replaced by one of the company's current board members.

Mr. Parker, who took over as CEO from founder Phil Knight in 2006, will step aside on Jan. 13 and be replaced by John Donahoe, a former eBay Inc. CEO who is a Nike director. Mr. Parker will become Nike's executive chairman.

Write to Khadeeja Safdar at khadeeja.safdar@wsj.com

(END) Dow Jones Newswires

October 22, 2019 16:38 ET (20:38 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
Nike (NYSE:NKE)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Nike Charts.
Nike (NYSE:NKE)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Nike Charts.