Nike Says CEO Mark Parker to Step Aside as CEO

Date : 10/22/2019 @ 8:53PM
Source : Dow Jones News
Stock : Nike Inc (NKE)
Quote : 93.05  -0.56 (-0.60%) @ 11:01PM
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Nike Says CEO Mark Parker to Step Aside as CEO

Nike (NYSE:NKE)
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By Khadeeja Safdar 

Nike Inc. said longtime Chief Executive Mark Parker will step aside as CEO of the sportswear giant and be replaced by one of the company's current board members.

Mr. Parker, who took over as CEO from founder Phil Knight in 2006, will step aside on Jan. 13 and be replaced by John Donahoe, a former eBay Inc. CEO who is a Nike director. Mr. Parker will become Nike's executive chairman.

Write to Khadeeja Safdar at khadeeja.safdar@wsj.com

 

(END) Dow Jones Newswires

October 22, 2019 16:38 ET (20:38 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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