Sept. 20 (UPI) -- Nike announced that CEO and President John Donahue will retire and be replaced by former Nike executive Elliott Hill. Hill, who retired from Nike in 2020 while he was president of the company's consumer and marketplace division, will take on the lead role and become part of the company's board of directors on Oct. 14.

NIKE, Inc. (NYSE) has appointed Elliott Hill as President and Chief Executive Officer, effective October 14, 2024. Hill, who will also join the NIKE Board of Directors and the Executive Committee, succeeds John Donahoe,