Elliott Hill's Return Marks a New Era for Nike, Inc.

Elliott Hill's New Role at NIKE, Inc.

NIKE, Inc. has recently announced an exciting transition in its leadership as Elliott Hill steps in as President and Chief Executive Officer. Hill, a long-time veteran of the company, brings invaluable experience to this role, effective October 14, 2024. His return comes at a pivotal moment when the company looks to strengthen its position in the athletic market.

Mark Parker's Thoughts on Elliott's Leadership

Mark Parker, the Executive Chairman of NIKE, expressed his enthusiasm about Hill's return. He emphasized how Hill's global expertise and deep industry understanding position him well to navigate the challenges ahead. Parker stated, "The Board concluded it was clear Elliott’s passion for sports and leadership style make him the right person to lead Nike's growth. I've worked alongside him for over 30 years, and I am excited to support him and his team."

Transition from John Donahoe

As Elliott Hill takes the helm, departing CEO John Donahoe will retire from his positions. His contributions as President & CEO have been significant, especially during trying times such as the COVID pandemic. He will continue to assist the company as an advisor until January 31, 2025, ensuring a smooth transition.

Recognizing John Donahoe's Legacy

Mark Parker also took the opportunity to appreciate Donahoe's leadership. He highlighted the essential role Donahoe played in guiding NIKE through the pandemic and his commitment to community investments. Hill acknowledges the positive groundwork laid by Donahoe and is eager to build upon it.

Elliott Hill's Vision for the Future

Reflecting on his new role, Elliott Hill shared his excitement about leading NIKE into a vibrant future. He stated, "NIKE has always been a core part of who I am, and I’m ready to help lead it to an even brighter future. I have had the privilege of working with industry leaders for 32 years, aiming to make our company a magical place. I look forward to reconnecting with longtime colleagues and forging new relationships to drive innovative products that engage our consumers."

Hill's Accomplishments and Experience

During his tenure in various senior leadership roles, primarily in Europe and North America, Hill was instrumental in growing NIKE's business to over $39 billion. Before his retirement in 2020, he spearheaded commercial and marketing operations as President for Consumer and Marketplace, directly impacting the performance of both NIKE and the Jordan Brand.

About NIKE, Inc.

NIKE, Inc., based in Beaverton, Oregon, stands as a global leader in designing, marketing, and distributing authentic athletic footwear, apparel, and equipment for countless sports and fitness activities. In addition to NIKE, the company also manages Converse, which is known for its athletic lifestyle products. The commitment of NIKE, Inc. to innovation in sports continues to drive its market leadership and develop products that resonate with athletes and consumers alike.

Staying Connected with NIKE, Inc.

For those interested in keeping up with the latest developments and innovations from NIKE, the company provides various resources on its official channels. Investors can access earnings releases and other financial information through its dedicated investor relations portal. Additionally, following NIKE on its social media platforms such as LinkedIn, Instagram, and YouTube can provide insights into the company’s latest offerings and initiatives.

Frequently Asked Questions

What is Elliott Hill's new position at NIKE?

Elliott Hill will take on the role of President and Chief Executive Officer at NIKE, Inc.

When will Elliott Hill officially start as CEO?

He will assume the role effective October 14, 2024.

Who is Elliott Hill succeeding as CEO?

Hill will succeed John Donahoe, who will retire from the role.

What is Hill's professional background?

Elliott Hill has over 32 years of experience at NIKE, serving in senior leadership roles and contributing to significant business growth.

Where is NIKE, Inc. headquartered?

NIKE, Inc. is headquartered in Beaverton, Oregon.

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