Reported 19 days ago
Nike has announced the appointment of former executive Elliott Hill as its new CEO, effective October 14, as the company seeks to revitalize its slowing sales amid rising competition. Hill, who previously led Nike's consumer and marketplace division, will replace current CEO John Donahoe, who is retiring. This leadership change comes at a crucial time for Nike, whose stock has seen significant drops this year, emphasizing the need for strategic changes to counter declining revenue and direct-to-consumer sales.
Source: YAHOO