Nike (NKE) shares surged in extended trading Thursday after the global shoe and athletic apparel company named Elliott Hill its CEO, replacing John Donahoe.
Nike has pulled longtime company veteran Elliott Hill out of retirement to serve as president and chief executive, replacing CEO John Donahoe.
Nike just appointed a new CEO who came out of retirement to take the job. Elliott Hill will take over from John Donahoe in October, Nike said.
Nike announced that longtime executive Elliott Hill is coming out of retirement to replace John Donahoe as chief executive officer. Lily Meier reports on "Bloomberg The Close.
Nike is shaking up its top rank amid efforts to revive sales and battle rising competition.
CNBC's Sara Eisen joins 'Closing Bell Overtime' to talk Nike CEO John Donahoe stepping down.
Elliott Hill will replace John Donahoe as chief executive next month, following months of struggles for the athletic-wear giant.
Nike said on Thursday that CEO John Donahoe will retire after more than five years at the helm as the sportswear giant shakes up its top rank amid efforts to revive sales and battle rising competition.
Nike CEO John Donahoe is out, replaced by Elliott Hill
Nike (NKE) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Nike (NKE) closed the most recent trading day at $80.64, moving +1.05% from the previous trading session.