Nike has completed a significant leadership change with John Donahoe taking over as CEO effective January 13, 2020. The former CEO, Mark Parker, is set to become the Executive Chairman of the Board, where he will still play a pivotal role in leading the Nike brand. This strategic move is part of Nike's broader plan to accelerate its digital transformation and streamline its organizational structure. The company aims to reinforce its market position and maintain its growth momentum through these leadership adjustments.

Nike has completed a significant leadership change with John Donahoe taking over as CEO effective January 13, 2020. The former CEO, Mark Parker, is set to become the Executive Chairman of the Board, where he will still play a pivotal role in leading the Nike brand. This strategic move is part of Nike's broader plan to accelerate its digital transformation and streamline its organizational structure. The company aims to reinforce its market position and maintain its growth momentum through these leadership adjustments.