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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.
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(END) Dow Jones Newswires
October 22, 2019 16:38 ET (20:38 GMT)
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