Company’s shares rise on news former executive Elliott Hill will replace John Donahoe
Nike is bringing back the former senior executive Elliott Hill to replace John Donahoe as chief executive as the sportswear brand attempts to revive sales amid rising competition.
Hill, who was at Nike for 32 years, was responsible for helping grow the business to more than $39bn (£29bn) in sales, ultimately leading all commercial and market operations for Nike and its Jordan brand, before retiring in 2020, the company said.
More Stories
What does Elon Musk want from all this politicking?
Norway to increase minimum age limit on social media to 15 to protect children
Rupert Murdoch’s Dow Jones and New York Post sue AI firm for ‘illegal copying’