Nike names company veteran Elliott Hill as new CEO; John Donahoe to retire

Published On Sep 19, 2024, 4:22 PM

Nike has appointed Elliott Hill, a long-time executive within the company, as its new CEO after the retirement of John Donahoe. This leadership change comes amidst a challenging environment for retail and ongoing efforts to adapt to new market dynamics. Hill brings extensive experience from his previous roles at Nike, suggesting a continuous strategy focused on innovation and brand strength.

Read full article

Stock Forecasts

NKEView NKE chart on TradingView

Positive

Elliott Hill has a strong background in brand development, which may result in a revitalization of Nike's marketing and product strategies. This could lead to improved sales and brand loyalty as the company adapts to consumer expectations more effectively.

Related News

Stock market today: Stocks edge higher amid Mideast caution, Tesla slips after deliveries fall short

Oct 2, 2024, 4:02 PM

Escalating Israel-Iran tensions fanned worries about a wider Middle East conflict, prompting caution.

TSLA
NKE
XLE

Stock market today: Stocks waver as Mideast caution grips investors

Oct 2, 2024, 11:26 AM

Escalating Israel-Iran tensions fanned worries about a wider Middle East conflict, prompting caution.

NKE
TSLA

Stock market today: Stocks slip as Mideast caution grips investors

Oct 2, 2024, 9:34 AM

Escalating Israel-Iran tensions fanned worries about a wider Middle East conflict, prompting caution.

NKE
XLE