On September 19, 2024, Nike, Inc. announced a significant leadership change with the appointment of Elliott Hill as the new President and CEO, effective October 14, 2024. Hill, a long-time Nike veteran with over 32 years at the company, will also join the Board of Directors and the Executive Committee. He succeeds John Donahoe, who will retire but remain as an advisor until January 31, 2025, to ensure a smooth transition. Hill's previous roles at Nike include President - Consumer and Marketplace, and he has been actively involved in the industry since his retirement in 2020. The announcement highlighted Hill's extensive experience and deep understanding of the brand, which the Board believes will drive Nike's next growth stage. Additionally, the company outlined Hill's compensation package, including a base salary, bonus, and long-term incentive awards, along with a covenant not to compete agreement. John Donahoe's departure is not due to any disagreement with the company, and his existing equity awards will vest through his retirement date.

On September 19, 2024, Nike, Inc. announced a significant leadership change with the appointment of Elliott Hill as the new President and CEO, effective October 14, 2024. Hill, a long-time Nike veteran with over 32 years at the company, will also join the Board of Directors and the Executive Committee. He succeeds John Donahoe, who will retire but remain as an advisor until January 31, 2025, to ensure a smooth transition. Hill's previous roles at Nike include President - Consumer and Marketplace, and he has been actively involved in the industry since his retirement in 2020. The announcement highlighted Hill's extensive experience and deep understanding of the brand, which the Board believes will drive Nike's next growth stage. Additionally, the company outlined Hill's compensation package, including a base salary, bonus, and long-term incentive awards, along with a covenant not to compete agreement. John Donahoe's departure is not due to any disagreement with the company, and his existing equity awards will vest through his retirement date.