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
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.