Nike CEO Stepping Down, Will Be Replaced by Veteran Executive

The announcement comes shortly after Nike lowered revenue projections for the fourth quarter of 2024.
Nike CEO Stepping Down, Will Be Replaced by Veteran Executive
A woman walks outside a Nike store at a shopping area in Beijing on April 8, 2021. Kevin Frayer/Getty Images
Katabella Roberts
Updated:
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The CEO of athletic giant Nike, John Donahoe, is to step down from his role next month and will be succeeded by former senior executive Elliott Hill, the sporting goods company announced on Sept. 19.

The leadership shakeup comes amid a turbulent year for Nike, which has seen sales drop and its stock price fall while competition from its rivals remains tough.

Katabella Roberts
Katabella Roberts
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Katabella Roberts is a news writer for The Epoch Times, focusing primarily on the United States, world, and business news.