John Donahoe To Step Down as Nike's CEO

Nike CEO John Donahoe will step down from his role on October 13, Nike confirmed to Business of Fashion on Thursday. Elliott Hill, who spent 32 years at the sportswear giant before retiring in 2020, will return to Nike as the brand's president and CEO on October 14.Amid heightened pressure to push Nike's sales back into positive territory and public criticism for the label's lack of product innovation under his leadership, Donahoe released a statement recognizing the brand's need for a new CEO: ...