Nike CEO elevated as Executive Chairman, board member named successor

Nike, John Donahoe,Mark Parker,Sports Business News,Nike Board of Member

American sports and apparel brand has announced major reshuffle in the top most management form January next year. Elevating Mark Parker to the Executive Chairman’s position, Nike’s Board of Directors have approved that board member John Donahoe will succeed him as the president and chief executive officer.

The Board of Directors at Nike has confirmed that Donahoe will be appointed as the company’s new president and chief executive officer, effective from January 13, 2020.

At the same time, Parker will become Executive Chairman and continue to lead the board of directors and work closely with Donahoe and the senior management team.

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Parker, the CEO since 2006, had assumed the additional responsibilities as chairman, president and CEO in 2016.

“It is an honour to become president and CEO of this amazing, innovative company, and to join the more than 76,000 talented and passionate employees dedicated to serving athletes”

“This is an exciting time for Nike where we see brand strength and momentum throughout the world and great opportunity for future growth,” said Parker. “I am delighted John will join our team. His expertise in digital commerce, technology, global strategy and leadership combined with his strong relationship with the brand, make him ideally suited to accelerate our digital transformation and to build on the positive impact of our Consumer Direct Offense. I look forward to continuing to lead the Board as Executive Chairman, as well as partnering closely with John and the management team to help him transition to his new role.”

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“It is an honour to become President and CEO of this amazing, innovative company, and to join the more than 76,000 talented and passionate employees dedicated to serving athletes,” said Donahoe. “Over the last five years, I’ve been proud to be connected to Nike through my role on the Board and now look forward to being a full-time member of the team, working even more closely with Mark, building on Nike’s success and seizing the opportunities ahead.”

Donahoe is the current President and CEO of ServiceNow, Inc. and also serves on its Board of Directors. He is Chairman of PayPal Holdings, Inc. From 2008 through 2015, he was President and CEO of eBay, Inc. and previously was the CEO and Worldwide Managing Director of Bain & Co. from 1999 to 2005 and a Managing Director from 1992 to 1999. He earned a bachelor’s degree in Economics from Dartmouth College and an MBA from Stanford University.

Donahoe will remain on the board of Nike where he has been a member since 2014.

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