USA

Nike CEO Mark Parker to step down

cde.news desk 23 October 2019, 16:32 · 1 min read

epa07591450 A Chinese woman walks past a logo of Nike outside Nike store in Beijing, China, 22 May 2019. A letter signed by 173 companies which including Nike, Adidas, says the US President's decision to raise import tariffs to 25 percent will disproportionately affect the working class after Donald J. Trump increased levies on 200 billion US dollars worth of Chinese imports into the US from 10 percent to 25 percent. EPA-EFE/WU HONG

Nike Inc’s long-time chief executive officer, Mark Parker, will step down next year and be replaced by John Donahoe, the CEO of cloud computing firm ServiceNow Inc, the footwear and apparel maker announced.

Parker had said last year he would remain CEO and chairman of the footwear maker beyond 2020, with his remarks coming at a time the company was hit by a series of executive departures and probes on workplace complaints.

Donahoe, who has been on Nike’s board since 2014, will take over Jan. 13, while Parker will become executive chairman and continue to lead Nike’s board.

Via CNBC

Filed under Business USA

Topics John Donahoe Mark Parker Nike

Nike CEO Mark Parker to step down

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