Mark Parker to Step Down as Nike CEO, Tech Outsider to Take Over
In a surprise move, Mark Parker is stepping down as CEO of Nike, effective Jan. 13, 2020.
John Donahoe, the current president and CEO of ServiceNow Inc and chairman of Pay Pal Holdings will take the top spot at the athletic giant, which has maintained impressive strength amid a period of incredible change across the industry and within its own ranks.
"This is an exciting time for Nike where we see brand strength and momentum throughout the world and great opportunity for future growth," said Parker. "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."
"It is an honor to become president and CEO of this amazing, innovative company, and to join the more than 76,000 talented and passionate employees dedicated to serving athletes," added Donahoe in a statement. "Over the last five years, I've been proud to be connected to Nike through my role on the Board and now look forward to being a full-time member of the team, working even more closely with Mark, building on Nike's success and seizing the opportunities ahead."
From 2008 through 2015, Donahoe was President and CEO of eBay, Inc. and previously was the CEO and Worldwide Managing Director of Bain & Co.
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(Reuters) - Nike Inc's long-time chief executive officer, Mark Parker, will step down next year and be replaced by John Donahoe, the CEO of cloud computing firm ServiceNow Inc , the
BEAVERTON, Ore. - The Board of Directors of NIKE, Inc. (NYSE:NKE) announced today that John Donahoe will be appointed as the company's new President and Chief Executive Officer, effective Jan. 13, 2020. At the same
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