Form 8-K · Current Report · Filed 2024-09-19
NIKE Announces Return of Elliott Hill as CEO
On September 19, 2024, NIKE, Inc. announced that Elliott Hill will return as President and Chief Executive Officer, effective October 14, 2024. Hill, a long-time Nike veteran, will also join the Board of Directors and the Executive Committee. John Donahoe, the current CEO, will retire effective October 13, 2024, but will remain as an advisor until his retirement on January 31, 2025.
- Filer
- Nike Inc. NKE · NYSE
- Filed
- Accession
- 0000320187-24-000053
- CIK
- 0000320187
- Signal
- High impactConsumer Cyclical
- Source
- Official filing on sec.gov ↗
Items reported
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Regulation FD Disclosure
Financial Statements and Exhibits
Market reaction
Close before filing
$80.90
Next session
+6.9%
Since filing
-48.4%
Latest close
$41.71
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from NKE reporting the same item, with the next session's move:
Exhibits (1)
About Nike Inc.
Nike Inc. is a global leader in the design, development, and marketing of athletic footwear, apparel, equipment, and accessories. As a major player in the sports and lifestyle industries, Nike's primary function is to provide high-performance athletic gear that enhances athletic pursuits across various disciplines, including running, basketball, soccer, and tennis, among others. Noteworthy for its innovative product line, Nike consistently pushes the boundaries of sports technology, offering products like the Air Max and Flyknit shoes that integrate advanced materials and design for optimal performance. Beyond physical products, Nike is heavily involved in digital transformation efforts, delivering enhanced experiences through platforms like the Nike Training Club and Nike App. Serving a diverse customer base from professional athletes to everyday fitness enthusiasts, the company maintains a significant presence worldwide. With headquarters in Beaverton, Oregon, Nike also sponsors prominent sports teams and figures, reinforcing its influence on global sports culture.
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