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Nike chief executive to step down and become executive chairman of the business

Nike has announced that Mark Parker will be stepping down as chief executive and president in January to become executive chairman of the business. He will… View Article

SPORTS & LEISURE

Nike chief executive to step down and become executive chairman of the business

Nike has announced that Mark Parker will be stepping down as chief executive and president in January to become executive chairman of the business.

He will be succeeded as chief executive and president by John Donahoe who will take up his position on 13 January.

Donahoe is currently president and chief executive of Service Now and is also chairman of PayPal Holdings. From 2008 to 2015, he was president and chief executive of eBay and prior to that was chief executive and worldwide managing director of Bain & Co.

Donahoe will remain on the board of Nike where he has been a member since 2014.

Speaking of Donahoe’s appointment, Parker said: “I am delighted John will join our team. His expertise in digital commerce, technology, global strategy and leadership combined with his strong relationship with the brand, make him ideally suited to accelerate our digital transformation and to build on the positive impact of our consumer direct offense. I look forward to continuing to lead the board as executive chairman, as well as partnering closely with John and the management team to help him transition to his new role.”

Parker has been chief executive of Nike since 2006 and chairman, president and chief executive of the business since 2016

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