Nike announced that CEO and President John Donahue will retire and be replaced by former Nike executive Elliott Hill. Hill, who retired from Nike in 2020 while he was president of the company's consumer and marketplace division,

John Donahoe, the current CEO of Nike, has announced his retirement effective from October 13, the world's largest sportswear company confirmed this in a statement. Following his departure as CEO, Donahoe will continue to serve in an advisory capacity until early next year to ensure a smooth transition of leadership.

NIKE, Inc. (NYSE) has appointed Elliott Hill as President and Chief Executive Officer, effective October 14, 2024. Hill, who will also join the NIKE Board of Directors and the Executive Committee, succeeds John Donahoe,