信报
2024.09.19 22:35
portai
I'm PortAI, I can summarize articles.

Nike CEO to resign, to be succeeded by retired veteran

Nike CEO Donahoe will retire on October 13th, and will be succeeded by Elliott Hill. Donahoe has been CEO since 2020, driving the company's revenue to surpass $50 billion by 2023, but revenue fell again due to market competition and a slowdown in the Chinese market. Hill, who has been with Nike for 32 years, previously served as head of the Consumer and Marketplace department. After the news was announced, Nike's stock price rose more than 9% in after-hours trading