After losing market share in recent years, Nike faces near-term challenges such as the sales momentum among competitors.
Nike Inc. has named Elliott Hill as its president and CEO effective, replacing John Donahoe, who will retire next month.
Nike stock is higher Friday after the embattled retailer announced a 32-year company veteran will return as its incoming CEO.
Reuters on MSN1d
Nike's shares jump after it announces plan to replace CEONike said on Thursday that former senior executive Elliott Hill will rejoin the company to succeed John Donahoe as president ...
Nike Inc. said Thursday it has named Elliott Hill as its president and CEO, replacing John Donahoe, who will retire next month.
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