Nike CEO John Donahue to retire

Summary

• Nike CEO and President John Donahue will retire and be replaced by former Nike executive Elliott Hill.
• Hill, who retired in 2020, will take on the lead role and become part of the company’s board of directors on Oct. 14.
• Donahue will also retire from his board seat but will remain on as an adviser through Jan. 31, 2025.
• The decision for the leadership change was made after a thoughtful succession process led by Mark Parker, executive chair of Nike.