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Non-Tech : Nike
NKE 98.43+1.1%Jul 2 4:00 PM EDT

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From: Sr K10/22/2019 7:39:05 PM
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WSJ

Nike Chief Mark Parker to Step Down in 2020

Board member John Donahoe to take over as sportswear giant’s CEO with Parker remaining chairman

By
Updated Oct. 22, 2019 7:06 pm ET

Nike Inc.’s longtime leader Mark Parker will step aside as chief executive and be replaced by a technology industry veteran, marking a strategic shift atop the world’s biggest sportswear brand.

John Donahoe, 59 years old, a former eBay Inc. chief executive and a current member of Nike’s board, will take over as CEO in January. Mr. Parker, 64, will become Nike’s executive chairman. The four-decade Nike veteran took over the top job in 2006, inheriting a global brand built by co-founder Phil Knight.
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