Express News | Nike: Elliott Hill will replace John Donahoe as the company's CEO.
Tesla, Nike, Alibaba, FedEx, Trump Media & Technology: Why These 5 Stocks Are On Investors' Radars Today
US Stocks Update | Nike's after-hours trading rose more than 7%. Former Head of Marketing Elliott Hill will return to the company as CEO.
On September 20th, GLP reported that Nike (NKE.US) rose over 7.4% in after-hours trading, reaching $87. On the news front, Nike announced that its CEO, John Donahoe, will retire next month, while veteran Elliott Hill will return to the company as President and CEO. Hill had previously worked at the company for 32 years and retired in 2020, with his last position being the head of the Consumer and Market Department. Analysts believe that Nike's appointment this time is aimed at revitalizing its sales performance.
Nike (NKE.US) faces fierce competition as former executive Elliott Hill returns to take over as CEO in an effort to revitalize sales.
Nike (NKE.US) announced on Thursday that former executive Elliott Hill will rejoin the company, replacing John Donahoe as President and Chief Executive Officer.
Nike appointed a veteran executive to succeed Donahoe as CEO, and the stock price rose 11% after trading.
Nike announced that Elliott Hill, a veteran of the company, will take over as CEO, replacing John Donahoe, in the hope that this leadership change will help the struggling sports brand regain its glory. Hill, who is 60 years old, originally joined Nike in 1988 and served as President of Consumer and Marketplace until his retirement in 2020. He will assume the position on October 14th. Donahoe, who is 64 years old, will retire on October 13th and continue to serve as an advisor to Nike until January 31st. Following the announcement, Nike's stock price rose 11% in after-hours trading in New York.
Stocks to Watch: Nike, FedEx, Alliance Entertainment Holding, Arq