Nike Inc (NYSE:NKE) stock is up 5.5% at $85.42 at last glance, after news that CEO John Donahoe is retiring in October and will be replaced by former executive Elliott Hill, who is coming out of retirement for the role after working 32 years at the company.
Nike just announced that CEO John Donahoe will retire on October 13 to be replaced by longtime Nike stalwart Elliott Hill. Donahoe joined Nike's board in 2014 and became CEO in January 2020.
Nike CEO John Donahoe will step down from the company and former CEO Elliott Hill is coming back to replace him. Transcript: Conway Gittens: Here's what we're watching on TheStreet today.
Jim Duffy, Sitfel, joins 'Squawk on the Street' to discuss why Nike hasn't seen analyst rerating after the chief executive shake up, how quickly Nike can turn their story around, and much more.
New Nike CEO Elliot Hill is inheriting “a turnaround that has yet to show momentum,” according to Stifel analyst Jim Duffy.
Nike shares jumped Friday as investors responded positively to a reshuffling at the sneaker giant's top leadership post, as investors hope incoming CEO Elliot Hill can reverse the fortunes of the stock under incumbent John Donahoe.
Nike (NKE) shares jumped nearly 8% in pre-market trading Friday after the world's largest athletic apparel and equipment company announced Elliott Hill will replace John Donahoe as CEO amid a leadership shakeup aimed at reviving sales and competing more effectively with rival brands.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.
Stacey Widlitz, President at S-W Retail Advisors and Dealmakehers CO-Founder, discusses Nike's leadership change, praising the return of an experienced executive to boost innovation.
Nike's new CEO, Elliot Hill, admitted things "haven't been easy" for the brand in a message to staff. Hill, a Nike veteran, will replace John Donahoe as CEO.
That strategy had taken a back seat under outgoing chief John Donahoe.
Nike veteran Elliott Hill is returning to lead the company as its CEO, replacing John Donahoe. The company offered Hill $27 million in compensation, $2 million less than Donahoe's 2023 earnings.