Nike names Elliott Hill as CEO and president as Donahoe steps down
Throughout the course of his career at Nike, Hill held senior leadership positions across Europe and North America and was responsible for helping grow the business to more than $39bn (£29.3bn)
Nike has announced that Elliott Hill is set to become its new president and CEO, effective 14 October, 2024.
Hill will also become a director and a member of the Executive Committee.
The news comes as the sports retail giant revealed its board and current CEO and president John Donahoe decided he will retire from his role and from its board on 13 October 2024. He will remain as an advisor to the company to ensure a smooth transition through January 31, 2025.
Throughout the course of his career at Nike, Hill held senior leadership positions across Europe and North America and was responsible for helping grow the business to more than $39bn (£29.3bn). Before retiring in 2020, he was president – Consumer and Marketplace leading all commercial and marketing operations for Nike and Jordan Brand, including the P&L across the company’s four geographies.
He retired from Nike in 2020. Hill is a graduate of Texas Christian University (TCU) and Ohio University and currently serves on the board of Trustees for TCU.
Mark Parker, executive chairman of Nike, said: “I am excited to welcome Elliott back to Nike. Given our needs for the future, the past performance of the business, and after conducting a thoughtful succession process, the board concluded it was clear Elliott’s global expertise, leadership style, and deep understanding of our industry and partners, paired with his passion for sport, our brands, products, consumers, athletes, and employees, make him the right person to lead Nike’s next stage of growth.
“Personally, I have worked with Elliott for more than 30 years and I look forward to supporting him and his senior management team as they seize the opportunities ahead.”
He added: “I would like to thank John for his contributions to Nike as president and CEO, and as a board member. I would particularly like to recognize the role he played in leading the company during the COVID pandemic and his unwavering support for the investments Nike has made in our communities around the world.”
Hill concluded: “Nike has always been a core part of who I am, and I’m ready to help lead it to an even brighter future. For 32 years, I’ve had the privilege of working with the best in the industry, helping to shape our company into the magical place it is today.
“I’m eager to reconnect with the many employees and trusted partners I’ve worked with over the years, and just as excited to build new, impactful relationships that will move us ahead. Together with our talented teams, I look forward to delivering bold, innovative products that set us apart in the marketplace and captivate consumers for years to come.”
