Nike CEO John Donahoe will retire from the company in October. He will be succeeded by company veteran Elliott Hill.

Nike shares surged in extended trading Thursday after the global shoe and athletic apparel company named Elliott Hill its CEO, replacing John Donahoe.

The sportswear giant shakes up its leadership amid efforts to revive sales and battle rising competition.

The stock has tumbled 25% this year as the sneaker giant struggles with falling sales and customer defections.

Nike shares jumped more than 7% in extended New York trading.

Hill is set to receive a base salary of $1.5m as CEO, could receive annual bonuses of 200%

(RTTNews) - NIKE Inc. (NKE) Thursday announced that John Donahoe has decided to retire from his role as President and Chief Executive Officer and ...

Nike Inc. ousted beleaguered chief executive John Donahoe, bringing longtime executive Elliott Hill out of retirement in a bid to return the struggling athletic brand to its glory days.

Elliott Hill, an executive who left the company after Donahoe’s appointment in 2020, will return as chief executive, Nike’s board said.

Nike has announced the return of Elliott Hill as president and CEO, succeeding John Donahoe.

Nike shares powered firmly higher in early Friday trading as analysts and investors reacted to the sportswear giant's move to replace Chief Executive John Donahoe.