Nike Veteran Hill to Replace Donahoe as CEO; Shares Jump

Nike Announces Leadership Change

Nike, Inc. (NYSE: NKE), a global leader in athletic apparel and footwear, has announced that Andrew Campion Hill will succeed John Donahoe as Chief Executive Officer (CEO) and President, effective June 29, 2023.

Donahoe, who has led Nike since 2020, will become Executive Chairman of the Board of Directors.

Hill’s Extensive Experience

Hill has been with Nike for over 20 years, most recently as President of Consumer and Marketplace, where he oversaw Nike's global sales, merchandising, and digital operations.

Prior to that, he held leadership positions in Nike's North America, Europe, Middle East, and Africa (EMEA) regions, as well as in product development and marketing.

Smooth Transition and Market Reaction

The transition is expected to be smooth, as Hill has worked closely with Donahoe and is deeply familiar with Nike's business and strategy.

The market reacted positively to the news, with Nike's shares rising in after-hours trading.

Donahoe’s Executive Chairmanship

As Executive Chairman, Donahoe will continue to support Hill and the broader leadership team, providing guidance and expertise from his vast experience as CEO of Nike and other major corporations.

His deep understanding of Nike's business and industry will be invaluable as the company navigates future challenges and opportunities.

Hill’s Focus on Growth and Innovation

Hill has stated that he plans to focus on driving sustainable, profitable growth for Nike, while also investing in innovation and new technologies.

He believes that Nike's brand strength and loyal customer base position it well for continued success in the future.

Conclusion

The appointment of Andrew Campion Hill as Nike's CEO marks an exciting new chapter for the company.

With his deep experience within Nike and his proven leadership abilities, Hill is well-positioned to build on Nike's legacy and drive the company to even greater heights in the years to come.