π Nikeβs Leadership Shakeup: CEO John Donahoe Steps Down, Elliott Hill Takes Charge! π
In a major leadership transition, Nike announced that John Donahoe will step down as CEO on October 13, 2024, with Elliott Hill, a long-time company veteran, stepping out of retirement to take over. Donahoe, known for leading Nike through a digital transformation, will remain as an advisor until January 2025. Hill, with his deep understanding of the brand, is set to steer Nike back to its innovative roots. π